ASIC makes key announcements on market structure, dark pools and high frequency trading
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On 20 November 2012, the Australian Securities and Investments Commission (ASIC) announced a package of regulatory reforms targeted at the growth in high frequency trading, the use of dark pools and the use of automated order processing systems in Australia's financial markets.
The changes announced - some of which impose immediate changes to trading procedures - include further details of two internal taskforces established by ASIC to review high frequency trading and dark pool issues.
The regulatory reforms, the result of industry consultation dating back to 2010, address issues ASIC considers necessary to maintain fair, orderly and transparent financial markets in Australia.
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