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Bots and fake orders = Jail Tricks from the master': How a...

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BlueSkyOne

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22/07/18

09:05

Post #: 34501332
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Originally posted by copperroad ↑

The ASX needs to ban bots outside the ASX300. They are a problem across all small caps and the algo's are wide open to market manipulation. Even the ASX has banned some bots, but it serves zero purpose in the small end. You can push a stock around 10% on $50 and nobody is legally allowed to do that because the compliance departments in brokers wont let you. The funds have managed to convince the ASX that they don't do that, even though there is a strong possibility that they do. You dont get bots banned for nothing. Once again, the regulators have something to explain. One of Sydney's biggest brokers suggested it was skimming and border line theft of peoples savings. I think he is right. I dont want the stock up 10% on 1400 shares and neither should it be down as it does not represent a true market.

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Bots and fake orders = Jail

Tricks from the master': How a Sydney trader landed in the centre of US fraud bust
By Rachel Olding
22 July 2018 — 12:05am

https://amp.smh.com.au/business/mar...0180716-p4zruh.html?__twitter_impression=true

SL1 Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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