Gidday Trainee,
Have a squiz at this:
http://en.wikipedia.org/wiki/Algorithmic_trading
Sorry you will have to copy and paste the link.
The unfortunate thing about this activity is that only one brokerage fee per day is charged. The obvious manipulation is not seen or ignorged by asx/asic.
Therefore our "level" playing field is all uphill for the retail punters like ourselves, but fortunately the UK is conducting an investigation into the legality of the activity.
Stu.
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