The Australian Securities and Investments Commission (ASIC) has announced that its new $43.7m (£24.2m) next-generation market surveillance system has become operational. The system, known as Market Analysis Intelligence (MAI), will allow ASIC to monitor up to one billion order changes per day. On this basis, MAI will have sufficient capacity to monitor trades where algorithmic trading and high-frequency trading are becoming more prevalent in Australia.
‘Enforcement 40’ for 2020
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