angry tapir writes: The Australian Securities and Investment Commission (ASIC), a government financial watchdog, is reportedly contemplating the idea of implementing a 500 millisecond delay on trades in an effort to put the brakes on high-frequency trading. ASIC last year knocked back the idea and stated that fears about HFT were overblown. However, in a government inquiry today representatives of the organisation said the idea of a 'pause' is still on the table.
Whenever a system becomes completely defined, some damn fool discovers
something which either abolishes the system or expands it beyond recognition.