High-Frequency Trading is Declining for AUD/USD Cross Rate

[kreslik.news]

The Australian Securities and Investments Commission (ASIC) has today published its latest review of high-frequency traders and their impact on Australian-US dollar cross-rate and Australian equity markets.

The report, which builds upon analysis conducted by the securities regulator in 2013 and 2015, found that high-frequency traders account for a quarter of all market transactions in equities and the AUD/USD cross-rate but their market presence is declining.

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In the review, ASIC found that high-frequency traders have a positive contribution to price formation which benefits all investors in the market. In ... (read more)