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HFT Nothing To Worry About (at Least In Australia)

Posted by timothy on from the three-crocs-for-a-lorry-of-shrimp-fair-dinkum dept.

angry tapir writes "Although software-driven high-frequency trading has got a pretty bad rap (being blamed for the so-called 'Flash Crash' in 2012 for example) Australia's chief financial regulator ASIC says that, in Australia at least, it's not cause for concern. After an in-depth study of HFT in Australian markets, ASIC decided to hold off on previously considered regulatory changes (such as implementing a 'pause' for some small trades)."

1 of 152 comments (clear)

  1. Re:HFT by moosehooey · · Score: 4, Interesting

    Things like 1% management fees and high expense ratios on 401(K)s (which can end up costing you 3/4 of your retirement money), combination life insurance/savings plans (almost always a ripoff), and more specific to day-traders, things like how the AP sells early access to hedge funds, insider trading, that type of thing. I would argue that even the ads on CNBC trying to convince people that they can make money day-trading qualify as a scam. Also, see this video:

    http://finance.yahoo.com/blogs/daily-ticker/yes-markets-rigged-survive-shark-infested-waters-143233110.html