TLS 0.26% $3.90 telstra group limited

The "u" bid at 2.66 has been pulled. Two points:1. "u" orders...

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    The "u" bid at 2.66 has been pulled. Two points:

    1. "u" orders are a licensed tool for market manipulation and should therefore not be allowed in the first place

    2. If "u" orders can be inserted and pulled at a whim, ASX should be levying a one-off fee regardless of whether the "u" order is executed or not. This reduces potential for it to be used for market manipulation. But doh!, referring to point 1. above, the primary objective of the "u" orders is to cause market manipulation.
 
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