Perhaps relevant to a few posts of past...on high freq trading. The ASX is yet to get serious about this, and yet to understand at all the dynamics and diif needs of the Junior Explorers group..
The Industry Super Network came out this week with an estimate of the cost to small investors of “high frequency trading” (HFT).
The answer is $1.5 billion. Zachary May, head of policy at the Industry Super Network, which represents large industry super funds, said: “A market system that caters to speed, rather than capital allocation, creates an uneven playing field and gives traders whose strategies are based on speed an advantage and a leg up. There is no disclosure of high-frequency traders’ profits and no transparency about who is behind the trades in the market.”...a continuing theme of the financial markets in general...read for instance Pier points comments a few days ago in the Fin Review about the fixing of the Gold Price, and remember LIBOR (etc etc). It is certainly a (sick) joke to hear the western world telling the third world about Transparency etc
Another felon interviewed by Marketwatch, Dennis Herula, said: “The markets aren’t fair to retail investors, particularly with the advent of computerized high-speed traders as competition. It’s like fighting a war with spears against the Air Force.”
....Lets sharpen our spears for another week!
I would highly recommend reading the Pier Point article
Goodluck to all
AMX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)