Well, I don't think it is necessarily as complex as trees falling in the forest.
I think they are just referring to the reporting of "fails driven borrowing" - as described here:
https://www.asx.com.au/participants/participants-resource/securities-lending-disclosure
The real takeaways for me from that unbelievably repetitive report were:
Even back in 2012, 60-70% of market trading was being generated by algorithms. Probably more now.
Even back then only 15-20% of equities turnover was from retail. Certainly less now. Which is why the ASX doesn't give a stuff about what retail thinks.
The report's author/s clearly missed Winston Churchill's memo of 9th August 1940:
https://policymemos.hks.harvard.edu/files/policymemos/files/churchill_memo_on_brevity.pdf?m=1602679032
Short squeeze party thread, page-397
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Last
18.8¢ |
Change
0.008(4.17%) |
Mkt cap ! $522.9M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 19.0¢ | 17.5¢ | $805.2K | 4.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 406796 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 1548538 | 24 |
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| Last trade - 11.07am 11/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |