Well I sent this to my local member of federal parliament today ( nics in lieu of real names )
Dear Peter
My name is Aka Hooter and I am a resident in your electorate , A friend of Mine Stumacca recently met with his local M.P to draw the oppositions attention to the manipulation that is occurring on the Australian stock market with respect to Algorithmic trading. This is a worldwide problem, and we as retail shareholders are not able to operate on a level playing field with the major broking houses.
Below is a link to what is happening in America and I can assure you that things are no different here in Australia.
I have included the research compiled by Stumacca with this email, his M.P suggested the best way to get this topic onto the political agenda is to have individual voters approach their local M.P,s - I believe a number of other retail shareholders not just in Queensland will be providing their local members with the information contained in this attachment.
As a shareholder of ????? LTD, a mining exploration company I am concerned at the significant " Bot Churning " of un marketable small parcels on this stock on a daily basis . I fear this could be yet another small Queensland company that falls into foreign hands though the use of these questionable trading arrangements.
As a conservative voter I urge the Liberal and National parties to put this problem squarely on the agenda for the next federal election.
Cheers Aka Hooter
Link To American Bot trading article
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