Traders may be interested in this....Yesterday on Financial...

Traders may be interested in this....

Yesterday on Financial Review Sunday on TV they showed the new ASIC $44 mil. surveillance system (Market Analysis Intelligence or MAI) specifically targeting individual traders involved in insider trading and other market misconducts....Just went live earlier this month.... Apparently can track up to 2 billion orders per day and scan right down to the individual accounts and follow every trade...

They also gave the timeline - which is early next year when trading accounts will be assigned with ASIC identity ID's at the end point.... Will allow ASIC to TAG and follow every trade placed into the market from trading accounts, follow trading patterns, and even calculated profits made on trades in real time....


There is a story in the AFR online too... I'll post a few bits from the story for anyone interested -

Called Market Analysis Intelligence or MAI, the new system has been built by the same company that builds ­trading software for algorithmic and high-frequency traders and allows the regulator to comb though thousands of trades less than a second.

MAI allows ASIC to watch and tag individual investors. Next year investors will be assigned unique numeral identifiers. ASIC will be able to not only follow investors around the market but run reports on who is ­making money on big trades before company announcements.

Cathie Armour, a commissioner at the Australian Securities and Investments Commission, said from early next year investigators will be able to home in on insider trading and market manipulation much faster, which should speed up investigations.



http://www.afr.com/p/business/sunday/asic_targets_insider_traders_with_UbmmHE8v9cFZaGDfir6QGO