high fequency trading of wcl

No evidence of abuse as ASIC rules dark trading 'new normal'

http://www.theaustralian.com.au/business/markets/no-evidence-of-abuse-as-asic-rules-dark-trading-new-normal/story-e6frg916-1226600125896

I know there is a Comp Trading Forum on HC, but this directly affects WCL.
How many times have we seen small trades of WCL shares go thru of just a hnadful of shares - 14, 21 etc etc???

The article above is worth reading, as the ASIC investigation made some revelations.

One comment caught my eye:

"And contrary to the perception of high-frequency traders flooding the market with small orders, such traders accounted for between 10 per cent and 20 per cent of trades worth less than $500. Most small orders were likely to be sourced from market participants' algorithms, "typically used by fund managers to minimise execution costs", the report said...."

so maybe all those tiny parcels were in fact genuine trades, and going to an institutional type investor? (but cynical me says not).

The other comment was that clients will be able to opt-out of Dark pool market trades, and there will be a minimum order size.

I don't know about you, but I am not comfortable that you can place a sell order with Commsec or Etrade, after looking at the price on ASX, then find that your order is sold thru a backroom or Dark Pool? I like the fact that when I sell my 7 WCL shares that they are sold in the properly regulated ASX market.

cheers