GazDix
Regular
Exactly.I'll just put this here:
and this from page 7 of the above keeping in mind this is after the GFC in 2008:
Edit: the quote relates to suggested changes to the reporting system just so it's not too out of context. Suggest reading the whole thing.
"Collecting real-time data on short selling transactions will be important for market regulators (ASIC)
and supervisors (ASX) in tracing covered short selling activity. ASX would be in a position to publish
an aggregation of such data by the next trading day. ASX is aware that some fund managers have
questioned whether even aggregated data that does not reveal the identity of a broker’s clients may, if
published with little time lag, provide commercially sensitive information on trading strategies that other
market users may exploit."
Lmao, they are worried about being exploited....good one. A 4 day lag on allowing anyone to see what you're doing is NOT an open and transparent market where everyone else is reported in real time.
So.....a commercially sensitive scam?? still supported by the ASX and its subsidiary entity?? (after 15 years)
4 day lag doesn't help us simple retail, although I believe there are ways to get the data for a fee.
This is also why ASIC somehow buggered up helping the ASX going blockchain. 260 million dollar whoopsie. Why? Blockchain is real time that can be viewed by anyone and is therefore transparent.
Crooks wanting and keeping crook intentions, simple.
ASX grip on clearing shaken by blockchain disaster
An Accenture report says the plan to replace the CHESS settlement system with a distributed ledger was too complex and plagued with uncertainties.