Only way for an effective market to work is on a "put up or shut...

Only way for an effective market to work is on a "put up or shut up basis".
An order means a genuine order, not something that can be yanked off the system 10 milliseconds later.
That would not be tolerated in any other business enterprise - put up your money down on the counter - as soon as the counter party takes your money the deal is done. Next! Forget all the price discovery double talk, we all know how to read a screen and watch the course of real sales go through.

The system we have can only flourish by the hidden hand of corruption - and everybody knows it.
The ASX should never have been privatized. We aren't a lot better than a banana republic run by bag men.