Not sure if it’s been posted before but just found this ASX written manifesto called “
THE OBLIGATION FOR ASX MARKETS
TO BE FAIR, ORDERLY AND TRANSPARENT”
It’s seems to me to be a self established guideline to interpret and give authority to its own dubious activities -imo
https://www.asx.com.au/documents/about/fair-orderly-transparent-paper.pdf
In short they say imo the “minister” sets the rules and the ASX play fairly by the rules.
Here’s the part I find unfair inasmuch apparently we are not all treated equally in the market:
From page 3
“This is not to say that a market must treat all participants equally in all circumstances. Plainly, a market can still meet its obligation of fairness, even though it may provide for different categories of participants with different rights and obligations under the rules, or charge different fees to participants who deal in different products or in different volumes.
Fairness requires a level playing field and that participants in like circumstances are treated in like manner, rather than that all participants in all circumstances are treated equally.”
I also would like to see the Royal Commission into how our market operates.
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