Out of curiousity, what laws or rules do you think the bot trades are breaking?
As I understand it, and I could be wrong, the ASX (ASIC too probably) regards this stuff not as a bug but as a feature. Hence the which laws or rules question.
As I understand pretty much any broker (member of the ASX) can pay for fast access (locate servers close and get high frequency trades) and use bots. We might not like it but I think (believe) the horse bolted long ago.
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