THE DISTILLERY: High-frequency fortune

Jotters see ASIC holding relatively loose reins on high-frequency trading, with one adding its nominated limit on trade resting times is arbitrary.

The corporate regulator’s report on high-frequency trading and dark pool operators had a lot riding on it because of the amount of the world’s financial woes that have been blamed on them. This morning, two of Australia’s best business commentators have reacted pretty similarly, while another looks at the rorting in the 457 visa program, where total visas are actually declining.

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