I really winds me up, the two tier market in Australia.
On my NAB account, I am not allowed more than one order in the market on any one stock, but you see these bot operators controlling 10 levels of orders - at 5 price points above and 5 below the market! Special rules for some!
And heaven forbid I put a sell order in the market without dumping it straight away on the first available bot buy, because it will surely start a cascade of bot selling, leaving my order high and dry and forcing me to dump at a lower price to the bot operator.
And then there are the rare cases of merely filling in an order and miraculously a huge high volume move happens in the same direction. SURELY the proprietary trading platforms are not listing into the order submission streams before submitting those orders to the ASX! No surely not!
