ASIC takes light touch on dark venues
Tuesday May 17, 2016
THE corporate regulator will push ahead with plans to enforce mandatory ''kill switches'' for Australia's computer-generated share trade programs in a bid to prevent a United States-style flash crash.
But it has stopped short of proposing a minimum order size for trades undertaken in off-market trading venues called ''dark pools'', even though it admits it has been surprised by how quickly they have grown.