TA discussion, page-1407

So after reading some very opaque ASX rules it seems that a broker/brokers have agreed to cross this number of shares off market and are allowed to do so out of hours and in a non-transparent manner because the total value is above a certain threshold for 'tier 3 equities'. It could be a big buyer/seller, it could be a larger hold reshuffling their holding between accounts for tax or other purposes. Doesn't necessarily seem like something to get excited about. Can't help but feel that facilities like these just make it harder to participate equally in the market - the regulators and markets themselves bang on about how HFT, centre point trading, dark pools and all these other anti meritocratic gimmicks are 'good for the health market' (read profit of the company running the market) but is it any wonder that participation is at all time lows from retailers, and ultimately is this in societies best interest as it will just continue to drive wealth disparity?

I'm not a communist at heart, but a modest tax on every trade might be in everyones best interest as long as it was brought in worldwide simultaneously on all exchanges. Constantly facilitating the bankers and their ever more complex methods at hyping value and short term profit got us into the GFC in the first place, the problem is that cash strapped governments the world over are addicted to the income and 'economic growth' that they provide (at least in the short term), and constantly turn a blind eye - that is until it all collapses and ordinary folk have to bail the whole system out. The reward, they start it all over again!

Rant over.