I noted recently Jacqui Lambie mentioned I think on Q&A tackling HFT operators. It was only a passing comment in relation to tax loopholes - but it's the first time I ever heard a politician speak up on that matter (which is the tip of a larger iceberg of course).
The way things are now trending, lazy politicians are on notice that burying the head in the sand won't wash with the electorate when it comes to money matters. Further, Labor are theoretically in position to take government - although a long way out. I wouldn't give up hope about these leeches swamping the ASX with billions of "ping" orders (hahaha) which can only be called a distortion at best.
I wouldn't give up hope yet.
I have no problem with computerized trading as long as every order "sticks" in the system, and a transaction tax is collected on every whole order. Then it's bye-bye HFT. Of course successful bids have to allow for order fragmentation but if my broker has to aggregate 10 parcels to complete my order, that's different story.
