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. |
Editor's Choice
Future Generation appoints chief investment officer
|Future Generation has appointed its first chief investment officer from Perpetual.
CSC sells down data centre holdings to Future Fund, Infratil
|The Future Fund and Infratil will up their stakes in a local data centre services provider as the Commonwealth Superannuation Corporation (CSC) sheds some of its holdings.
Oaktree offers Star $650m lifeline
|Oaktree Capital has offered embattled Star Entertainment a $650 million debt financing proposal.
Australian GDP growth 'steady but not solid': La Trobe
|Speaking at the Financial Standard Chief Economists Forum today, La Trobe Financial head of investments and product David Tagg dissected some of the key economic themes for the year ahead.
Products
Featured Profile

Jelena Stevanovic
CHIEF EXECUTIVE OFFICER
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
As the new chief executive of Platypus Asset Management, Jelena Stevanovic hopes to continue the fund manager's long tradition of outperformance with patience and by fostering meaningful relationships with clients and staff. Karren Vergara 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!