Australia May 'Pause' Trades To Tackle High-Frequency Trading

angry tapir (1463043) writes "The Australian Securities and Investment Commission (ASIC), a government financial watchdog, is reportedly contemplating the idea of implementing a 500 millisecond delay on trades in an effort to put the brakes on high-frequency trading. ASIC last year knocked back the idea and stated that fears about HFT were overblown. However, in a government inquiry today representatives of the organization said the idea of a 'pause' is still on the table."

ASIC (disambiguation)

[tepples]

I wonder how hard this proposal by the Australian Securities and Investment Commission (ASIC) will hit makers of Application Specific Integrated Circuits (ASIC) designed to evaluate quotes and request trades.

Re:Won't work

[OzPeter]

I just wish that the stock market would represent what it's supposed to represent: a place where people can invest in our real economy.

I purpose the the stock market should really go back to its roots, and that every share should be attached to a genuine item of stock - be that cow, pig or chicken. And that you are responsible for housing and feeding all the stock that you own.

This would also have the interesting effect of changing our perception of Bull and Bear markets.

Add Delay

[randallman]

They could switch the trade system to .NET. As London discovered, delay functionality is already built in.