"The 48 crossings involved no change in beneficial ownership (NCBO) and falsely represented 11.88 per cent on bona fide volume in OAK, creating the misleading appearance of active trading. This is inconsistent with the efficiency and integrity of the market as participants are likely to assume that the transactions reflect genuine supply and demand and act accordingly."
Must admit I am struggling to work out how it is different from what the algorithms do every day putting out orders that are subsequently cancelled, or buying and selling to themselves.
Glad ASIC didn't notice my sales to my super fund which on occasions have amounted to nearly 100% of the daily transactions for some shares.
