This is a copy of the letter sent to ASICThank you for your...

This is a copy of the letter sent to ASIC

Thank you for your correspondence of 15 April 2010 and to my disappointment I have say that you have totally missed the point of my correspondence. We are well aware of all the different websites you refer to, but the points I made were quite clear, and that is, that both the ASX and ASIC do not have the qualified staff to supervise Algo trading. The submission is simple, to qualify for that, you need to have at least the same intricate knowledge of the programs as the designers of it.
So without any further wasting time of letters going back and forth, I would like you to answer the following questions;
a. Does the ASX and ASIC have the staff with the intricate knowledge of Algo trading including all possible outcomes the program could produce?
b. Realizing the enormous workload involved and no doubt, enormous amount of complaints, have the ASX and ASIC ever fully investigated even one case, other than merely sending a questionnaire to a number of brokers? And did that satisfy you that all is above board. The public wants to know. They have lost confidence in the system.
c. Have there been warning or prosecutions?
d. In a fair and level playing ground, does the ASX and ASIC think that with Algo trading included we can have the above conditions?
e. Does the law provide that these conditions should prevail?
f. Is it possible for that staff member with the intricate knowledge to have a conference with a small group of us, in order to satisfy our need more directly?
I realize that this kind of corresponding is becoming rather pedantic in its expressions, but I repeat my frustration is one of the general public, and it is forced upon us.