The share market has an issue with bot trading. It is software that manipulates the price based on the number of sellers and buyers. The ASX and ASIC need to stamp this out by having unique identifiers that relate to a trader but don't identify a trader's real identity so that those buying and selling the same stock can be identified.
Other traders could then identify market manipulation. Other mechanisms could also be put in such as reporting on how often stocks get re-traded. Something has to be done as bots are ruining the integrity of the market.
The problem is that trading institutions and ASX make good money from higher trading activity so they have no motive to stamp bots out.
The share market has an issue with bot trading. It is software...
Add NEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.70 |
Change
0.520(2.71%) |
Mkt cap ! $2.515B | |||
| Open | High | Low | Value | Volume |
| $19.39 | $19.84 | $19.28 | $5.675M | 288.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1531 | $19.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.81 | 557 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$19.70 |
Change
0.520 ( 2.59 %) |
||||
| Open | High | Low | Volume | ||
| $19.50 | $19.84 | $19.28 | 87628 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NEU (ASX) Chart |