ASIC Short positions reporting, page-6

I would like you to read everything you can on Patrick M. Byrne. The guy was made to look like a lunatic by Wall Street but prevailed. Unfortunately your focus is on CDU and not the broader market.

I traded a share yesterday and witnessed queue jumping endorsed by a major bank with the use of Chi X. Jumped on my trading platform which uses depth supplied by the ASX, buy side loaded with a few hundred thousand at 10.5 cents, sell side at 11 cents. I decided I wanted out and placed a sell order at 10.5 cents, sold immediately as expected but it didnt register as a trade on the ASX so curiously I looked at Chi X and yes there it was as a trade.

Now Chi X is by invite only and is a private exchange for the influential and no need to show depth or individual trades but just cherry pick buy or sell orders placed by those invitees customers and bingo. Hey what's the problem you say I got what I wanted but if I place a buy or sell order that's not what is on offer guess which queue I go in? The ASX so if that's the one I get to judge my calls by with depth and trades thats the one I want to use. The person in the front of the queue on the ASX at 10.5 cents was entitled to my shares not same exchange that has zero transparency. If you think naked short selling still doesn't happen well who am I to say any different they have just got smarter is all and a exchange without transparency and T plus 3 is ripe for it as long as the books are balanced within 3 days no one is any the wiser.