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Australia May 'Pause' Trades To Tackle High-Frequency Trading

Posted by samzenpus on from the slow-it-down dept.

angry tapir (1463043) writes "The Australian Securities and Investment Commission (ASIC), a government financial watchdog, is reportedly contemplating the idea of implementing a 500 millisecond delay on trades in an effort to put the brakes on high-frequency trading. ASIC last year knocked back the idea and stated that fears about HFT were overblown. However, in a government inquiry today representatives of the organization said the idea of a 'pause' is still on the table."

2 of 342 comments (clear)

  1. Better article by homb · · Score: 5, Informative

    There's a gripping article over at the NY Times (adapted from a just released book) that explains very well the pitfalls of HFT, where the problems are mostly due to the haves and have-nots, just like in most things. The article is at http://www.nytimes.com/2014/04...

    Not having a level playing deck in an exchange is a major problem for the correct functioning of said exchange.

  2. Re:Won't work by L4t3r4lu5 · · Score: 5, Informative

    It's front-running by machine. If a person-trader did this, they'd be in jail.

    "... the illegal practice of a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers."

    --
    Finally had enough. Come see us over at https://soylentnews.org/