[Stockbrokers will also have to report any suspicious activity to ASIC]
Hahahahaha ... oh, they are serious? The prison is still being run by the prisoners! Honestly - this is never going to happen. Suspicious activity is being reported now and nothing comes of it.
...with international players likely to be welcomed into Australia next year - the problem is only going to become more of the same as the US.
More flash crashes - the prevalence of CFD's and knowing that leveraged positions have stop positions is what has market makers supporting algorithmic trading. They can hide behind alorithms for stop loss limits being triggered on shallow volumes.
I figure shallow volumes are the playground for these things. Anyhow, it makes for better technical analysis.