ASIC’s regulatory approach to high-frequency trading and dark pools
A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission
High-frequency trading, dark pools and algo trading: Assessing regulatory approaches and unintended consequences (St John’s College, Oxford University, United Kingdom), 21 April 2017
As you know, financial markets play a central role in the growth and prosperity of our economy, by facilitating the raising of debt and equity by issuers, and the efficient allocation of resources and risks by investors.
Today I would like to talk about:
- the importance of trust and confidence in markets
- how ASIC is responding to innovation and technological developments that are reshaping our markets
- the work we have undertaken in high-frequency trading (also known as HFT) and dark pools, including:
- how this fits with our approach to innovation and technological developments
- how it contributes to promoting trust and confidence.