Australian Stock Exchange

Investment Strategy

A century of ASX ETFs

ASX, the owner and operator of the Australian stock market, expects 100 exchange traded funds (ETFs) by June 2013. “I’d be surprised if we weren’t at 100 by this time next year,” says Richard Murphy, general manager of capital markets at ASX. “There is not one big Australian fund manager not looking at ETFs.” Still, […]
Investment Strategy

ASIC concerned by dark pool, HFT trading

The Australian Securities Investment Commission is concerned that so-called dark pool and high frequency trading may damage price discovery or lead to market crashes. Belinda Gibson, ASIC’s deputy chair, says high frequency trading could lead to abuses and market disruption. High frequency traders use mathematical formulas to trade millions of stocks within seconds to take […]
Investment Strategy

Steve Grob likens HFT to spoon feeding

Steve Grob likens high frequency trading to being spoon fed a meal in a restaurant. The kitchen has to cook each spoonful of food before it can be served but “insists on getting paid before he gives you more food,” says the director of group strategy at Fidessa. “Love it, hate it, HFT is here […]