daytrades dec 1 afternoon, page-106

Libart - ASX Trade went live last Monday. It's essentially a high speed interface designed for high frequency trading systems the same as the ones that crashed the New York stock exchange.

"ASX Trade - Our new trading platform
In 2010, ASX launched ASX Trade a NASDAQ OMX ultra-low latency trading platform based on NASDAQ OMXs Genium INET system. ASX Trade takes ASXs latency down to 250 microseconds. This platform includes a multi-functional, multi-asset class trade facility called TradeMatch, launched in November 2010, and a parallel trade facility, PureMatch, aimed at High Frequency Trading. PureMatch, launching in mid 2011, will provide arbitrage opportunities for the top 200 equities and ETFs listed on ASX."

Teething problems; everyone's got issues. This is for us to get ready for the upcoming wave of 'black pool' trading.

http://www.asx.com.au/trading_services/asx_trade.htm