Two points which the regulator refuses to consider. It should be illegal for a broking firm to participate in trading. It should be a 'stand-alone' facility. When the likes of bank brokerage firms like Commsec are allowed to trade and broker there is a definite conflict of interest, etc. Although it is meant to be illegal to pre-view orders it would not (given all the past misconducts) that such banking trader/brokers are doing just that, then with the opportunity to X-trade and skip the order queue they can trade to an advantage. Especially if they have prior algorithmic intent to manipulate the price. Two: for too long Commsec has been saying they intend to show Chi-X market information on their site.... but haven't. This means that Commsec clients using their site are not privy to the true market, which facilitates the whole HFT arbitrage, which Commsec participates in.
Snakes are everywhere, and retail mums and dads are prime prey. Hopefully more Canadian like exchanges will start up.
