An Australian Securities and Investments Commission report, realeased today, has revealed public concerns about high-frequency trading have been overstated, with trading frequency instead attributable to the increasing use of trading technology by investors generally.
ASIC found trading strategies are commonly adopted by many other algorithmic traders and institutions and there was no systematic manipulation or abuse of markets.
Investigations also revealed potential breaches of Market Integrity Rules and the Corporations Act in regard to dark trading (trading activity not openly available to the public).
This article was first published on LeadingCompany’s sister site, SmartCompany.
ABOUT THE AUTHOR
Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.
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