jdvictoria,
"The more you look at this the more it is obvious that it is a carry over from the days where only brokers had access to the ASX."
Can you please clarify what you are saying here? Only those licensed by the ASX have direct access to the market.
"This practice is NOT a level playing field for all exchange users. If brokers are allowed to do this why can't traders in the street?"
Anyone with DMA can conduct algorithmic trading. In fact, those without can too; most full service brokers can accept "strategy orders".
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