The following is a copy of an email I forwarded today to Senator John Williams, Senator for New South Wales, concerning CuDeco(CDU) and the affects HFT is having on the company and others in the ASX:
"Senator John Williams, National Senator for New South Wales. The National Party Whip in the Senate.
Dear Senator John Williams,
Further to my email of the 9th November, 2011, concerning the trading of CuDeco(CDU) Limited Securities, I wish to advise you that a CuDeco shareholder has given me this you tube insider message on High Frequency Trading.
The link is
http://www.youtube.com/watch?v=GEAGdwHXfLQ
It is a must watch to assist you with your Senate Inquiry into the Australian Securities and Investments Commission.
It really gives you an insight into what is going on in the Financial world. The Securities and Exchange Commission in the USA is currently coming to grips with this type of trading and its consequences on the Markets.
Yours sincerely,
Maxw"
Referred for the information of CDU shareholders concerned.
cheers,
Max
CDU Price at posting:
$1.92 Sentiment: Buy Disclosure: Held
