asic reply to asx bot speeding ticket

Where to from here, anybody???



Our Reference: 14341/10

6 April 2010

Dear Sir/Madam,

ASX LIMITED (ACN 008 624 691), CUE ENERGY RESOURCES LIMITED (ACN 066 383 971)

Thank you for your correspondence of 29 March 2010 in which raise concerns about "bot" trading in relation to the securities of Cue Energy Resources Limited.

ASIC values the information we receive from the public, and complaints such as yours assist ASIC in working to build confidence in the integrity of the capital markets.

ASIC conducts an assessment of every complaint we receive. The issues you have raised will receive careful consideration, and have been recorded on our internal intelligence database.

In determining which matters we will select for further action, consideration is given to the availability of evidence, and a range of factors, including the likely regulatory effect of any available action.

As ASIC is precluded from commenting on operational matters, we are unable to provide further details regarding what, if any, action we may or may not take in relation to the concerns you have raised.

If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.

Please note that ASIC will only contact you again in relation to your complaint if we require further information or evidence to assist in our enquiries.

Yours sincerely
Romina

Romina Dein
Misconduct & Breach Reporting
Stakeholder Services