AFMA urges ASIC to focus on market riskBY LINDA HAUSKEN | THURSDAY, 16 AUG 2012 12:05PMThe Australian Financial Markets Association wants the Australian Securities & Investments Commission to refine its proposed approach to dark pools, claiming it would lead to better targeted regulatory intervention in the market. |
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Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
The dark pools clog liquidity and are a limit to liquidity . If you look at the listed debt markets algo trading has ruined that market. You often can be hit with very small sequential trades, In fact I recall one day where I was selling 9,000 units and the tradesheet showed a significant number of trades were 1 or 2 units a time. Someone was testing or trying to force the price. It does not encourage trading and in any number of situatiuons that I have seen often it frontruns an order and I can preovide examples where some of my trades have been frontrun. But then again the algo traders have lots of money and influence so they can do whatever they like.
No wonder the sharemarket is dead -got a feeling ,share market are not a fair game to place your money anymore!