I agree wrong in every way. ASIC should be ashamed. It is a great listen to Bargearse's post.
The integrity of the market is totally gone.
"rack space"
duel exchange now "Chi X" which started last year and which is owned by Morgan Stanley/Goldman Sachs and other big investment banks this is were most algo's go thru I have worked out. Chi X still have to pay ASX $280k a year for as a fee.
WHats next ???
this will become a robot vs robot market you watch.
it will be too late and the normal human traders will be wiped out. You can only trade long term now. Short term market has been killed. These bots don't even pay brokerage and the can manipulate to their hearts content.
