RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Low hanging fruit: Useless OZschwitz ASIC targets insider traders Mon Nov 25, 2013 8:28 pm | |
| The corporate regulator will monitor trades by individual investors it suspects of insider trading, following the biggest upgrade to its technology systems since it assumed responsibility for market surveillance in 2009, writes The Australian Financial Review.
Called Market Analysis Intelligence or MAI, the new system has been built by the same company that builds trading software for algorithmic and high-frequency traders and allows the regulator to comb though thousands of trades less than a second.
Cathie Armour, a commissioner at the Australian Securities and Investments Commission, said from early next year investigators will be able to home in on insider trading and market manipulation much faster, which should speed up investigations. Advertisement
“We’re anticipating we can be more focused on our enforcement work so we can identify real cases earlier,” Ms Armour told Financial Review Sunday.
Read more: http://www.smh.com.au/business/markets/asic-targets-insider-traders-20131125-2y4q7.html#ixzz2li8NZ2d8 |
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