Could the Australian stock market be fitted with a “kill switch”? Reports suggest ASIC will propose that mandatory emergency brakes be fitted to high-speed, high-volume, and occasionally highly irrational High Frequency Trading (HFT) systems to prevent a United States-style “flash crash”. So what is it, and how would it work? Crikey asked Pepperstone Trading CEO Owen Kerr […]
Australian stockmarket
Market hits nine-month high
Australian stocks rose 0.5% yesterday to close at a nine-month high, with ANZ and NAB leading the charge, both up 2.5%.
Victims everywhere as panic selling sets in
There’s blood on the streets today as the Australian stockmarket extended its run to 12 straight losses and posted its biggest percentage drop for the year. The victims are everywhere, writes Stephen Mayne.
Australian market plunges into uncharted territory
The Australian stockmarket is in uncharted waters today after falling for the 10th consecutive day, something that seems to have never happened before, writes Glenn Dyer.
