There's been some pretty good explanation's of (and a call to...

There's been some pretty good explanation's of (and a call to arms against) bot trading on the IFE (Ironclad) topic. This is an Iron Ore hopeful that was being played/plagued by the bots for a while.

From memory the ASX and ASIC don't care abouts bots as they are simply doing what humans can do on the market. What beggers belief is that the software does it in nano seconds, and there will either be a bulk brokerage agreement with the broker, or it is being done my a broking firm. About as level a playing field as the Himalayas.

There's been talk of bot trading causing crashes in markets - no big deal eh?? Also, check out the volume of daily trades that are generated by bot software as a proportion of the entire markets trades in the US. Don't quote me on this, but I'm pretty sure it was north of half, possibly 80% at one point. Prevelant is one word that comes to mind. Bugger reading Ben Graham and Buffet's FA dogma, go study computer programing and sell your bot to Goldman Sach's.