"These systems do not add liquidity - they add volume in an incestuous relationship with the exchanges which, of course, are not paid on liquidity - they are paid by the share, that is, by volume, as is your local retail broker."
http://market-ticker.org/
>>
From the Business Spectator on ASIC regulation:
"That [ASX] profits are not just reliant on broker activity, but the integrity of that activity"
Oh, so you can have order stacking with integrity? Obviously I just have the wrong approach!.
"Assuming ASIC gets the right people, there will still be areas where a discretion has to be used outside the parameters of black-letter law, which is where ASIC operates,"
Uh Oh! Sounds like the institutions will have a separate set of rules again! I am sure the lobbying to corrupt any new system has already begun.
