The trading has attracted high profile attention here in Australia...
In a piece by highly respected
Robert Gottliebsen
Titled
Cut the pipes on trading robots
http://www.businessspectator.com.au/bs.nsf/Article/Cut-the-pipes-on-trading-robots-pd20120828-XKSEA?OpenDocument&src=sph
In part says....
"Last week NKWE Platinum was trading at 5 cents and three minutes later fell to 4.5 cents in trades which had a total value of less than $5. And then back to 5 cents. That market manipulation represented a $3 million market capitalisation move. In fairness the stock was later suspended because the major shareholder was being forced to sell its shares.
There is a lot of work to be done to ensure fairness on the ASX.
The good news is that the ASX chief executive does understand there is a problem that must be fixed.
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