Does anyone know the brokerage fee for being able to make unlimited trades pm? I have been told that one brokerage house pays 150K pm for constant trading with over 200 PCs.
They are charged per PC and have a super duper high speed link that gives them a extra fraction of a second advantage. Yet in terms of this sort of trading the US are light years ahead of the Aussies.
Surely it is the US guys whom have promoted the BOT trading to brokerage houses over here.
It can be very frustrating to easily see market manipulation, yet you complain to ASX of obvious Buys and Sells at same time. They do not seem to give a dam.
They state they will look into the matter, then nothing. What a load.
Yet my broker does not let me make a Buy and Sell trade on the same stock. On a conditional order it can be set, yet it is not allowed. As there are stocks were you would sell for say 30c if it went that high in the day, or accummulate at 26c if it went that low in the day.
Yes I agree there are 2 set of rules, the advanced brokers get away with what we cannot.
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