One has to wonder. The ASX makes money through transaction volumes and the supply of market data - who might their biggest customers be?
As for ASIC, I doubt they're complicit, but knowing how government bodies work they'll be woefully underfunded, under skilled and under motivated to take on large, well resourced, often international players.
Us retailers and small fry traders might not be worth protecting in the eyes of government but a distorted small cap market (where I perceive HFT has the largest potential for harm) is to the detriment of Australian innovation and entrepreneurship, and ultimately the economy and job creation.
ADO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
