For those that thought it was a waste of time to complain to...

For those that thought it was a waste of time to complain to ASIC about high frequency trading in ABU, I say every little complaint adds up;

http://www.abc.net.au/news/2012-09-18/peter-ryan-on-high-frequency-trading/4267004?section=business

ASIC chairman Greg Medcraft is worried.
"Regulators around the world are very concerned about systemic risk on high-frequency trading," he said.
"We’ve already had the flash crash, but there had been incidents in other major markets as well."
ASIC's deputy chairwoman, Belinda Gibson, went further and confirmed some high-frequency traders are exploiting their advantage over less tech-savvy investors.
"Some of it is possibly outright manipulative breach of the law," she said.
Concerns about high-frequency trading have also been raised by the superannuation sector.
The Industry Super Network wants ASIC to crack down on the practice and impose a moratorium before it becomes institutionalised.
But Mr May says ASIC needs to move faster before it damages the market.
"There’s still time for ASIC to get on top of this, it’s a practice that’s dominant in markets around the world but Australia still has a chance to really do this right," he said.
A better understanding of high-frequency trading might also save investment houses from themselves after the US-based Knight Capital lost $440 million last month when one of its algorithms went rogue.