Concerns over high-frequency trading overstated, says Australian regulator
Asic less concerned with high-frequency trading but is clamping down on dark pool operators
The Australian Securities and Investments Commission (Asic) says public concerns over high-frequency trading (HFT) are overstated and it has not found any systematic manipulation or abuse of markets by high-frequency traders.
This conclusion follows a report released on March 18, Dark liquidity and high-frequency trading, by a taskforce set up by Asic in July 2012 to investigate concerns that high-speed traders were having a detrimental impact on market integrity.
Opponents of HFT argue that
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