Firstly, the Fraud Squad average IQ is about 75, because none of them finished school, most of them struggle to read and write, and most of them are only interested in drinking and sex. This is further encouraged by the government because alcohol sold at the Police Department bar is cheap, amazingly it is actually subsidised by the government.
Secondly, ten (10) federal politicians I have canvased have told me that there is nothing wrong with HFT, because it is "what they do in the USA". This response almost certainly validates the hypothesis that the average IQ of the Australian Federal Parliament is below that of the Fraud Squad.
It is quite clear that politicians live in a bubble, so removed from the realities of everyday life, that they may as well be living on Mars. Most of them are spaced-out messianic ego-maniacs anyway.
Thirdly, ASIC staff don't give a damn, they are on a salary and have very little understanding of what it is like to complete one personal trade on the ASX stock exchange, let alone have a fundamental understanding of why stock exchanges were set up in the first place, and what a fair exchange should resemble. They produce nice looking reports, which they can feel warm-and-fuzzy about, and then go home for dinner.
Fourthly, bot traders like CommSec and others, are making billions of dollars each year out of this business, and as the tenth biggest bank in the world they wield enormous power. You may find that the ministers who are responsible for the regulations and over-sight of the ASX have actually been promised (in unwritten form) positions and careers with a bank or investment house when their political careers are over.
This is the way human society works, now, and always has done.
Recent figures show that increasingly, more of the world's wealth is being concentrated into the hands of fewer and fewer, and human history tells us that this trend only eventually results in one outcome - revolution (because what other recourse is eventually left to the honest peoples of the world).
We are not going to change thousands of years of human society, of evolution, and genetic predisposition by appealing to the government, or the public service, or the so called regulators. To an extent, we are wasting our time doing so.
It has been repeatedly proven that the only true imposition of radical change occurs from within, and even this is rare. It has also been proven that the majority of human society are apathetic. With these in mind, it would then seem that the only way of truly forcing change, is for a group of retail investors, and mum and dad investors, to band together and form a licensed stockbroking company and hedge fund.
This is the way in.
The company would then have the legal right to release it's own algorithmic programmes on to the ASX. Just imagine what that would enable, especially as the ASX has no checks on the algorithms released on to it's platform.
Then could truly begin the algorithmic wars, because one algorithm can identify another, and though it may not be possible to make a bacteriocidal algorithm, one can write a bacteriostatic one (excuse the medical terminology, it simply means that you can not eradicate the root cause for the introduction of an algorithm on to the ASX ie. you can not kill it, but once it is introduced you can identify it and render it harmless).
One day a group of retail investors will band together to form a licensed brokerage, and they will then bring about change (hopefully before they are attacked by the establishment).
I am now convinced, more than ever, that this is the only way to stop fraudulent and virtually illegal algorithmic trading that is supported and promoted by the powerful, ignorant and greedy ruling elite.
Gw
Lupus est homo homini - Man is wolf to man. (Latin Proverb)
