ASIC takes light touch on dark venues

THE corporate regulator will push ahead with plans to enforce mandatory ''kill switches'' for Australia's computer-generated share trade programs in a bid to prevent a United States-style flash crash.

 

But it has stopped short of proposing a minimum order size for trades undertaken in off-market trading venues called ''dark pools'', even though it admits it has been surprised by how quickly they have grown.


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Posted by Luke at 08:40
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High-speed computer trading standards set for launch

Long-awaited standards that will help bring greater transparency to the murky world of sub-second trading are due to be rolled out next month, after industry resistance helped delay the project for six months.

 

Fix Protocol, which sets industry standards, is to unveil the first independent like-for-like comparison of trading speeds - also called latency - next month.  Trading platforms are locked in an arms race to achieve ever-faster trading speeds as they compete for a breed of super-fast, high-frequency trading orders, but there has historically been no independent means of comparing latency.

 

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Posted by Luke at 15:08
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