ASIC Releases New Rules on Dark Liquidity and HFT
ASIC has also published guidance on the rules to explain its expectations of market operators and participants.
"The final rules follow extensive internal analysis and consultation with the industry and will improve the transparency and integrity of crossing systems, and strengthen the requirements for market participants to deter market manipulation," says ASIC commissioner Cathie Armour.
The rules are expected to be fully enforced by May 2014. ASIC also announced it will publish guidance on
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