" As such, to the extent that you suggest that ASIC enact...

" As such, to the extent that you suggest that ASIC enact legislative reforms in relation to algorithmic trading, we advise that this is a function carried out by the Australian Government and Treasury. As I understand it, you have prepared a submission to your local member of parliament in this regard"

This is the first time I have seen this statement in their guarded response ?

To me it seems that they are acknowledging the fact the a number of pollies are running with stumaccas submission !

Stay tuned things appear to be moving in the right direction with ASIC hand balling the pass back to the pollies !