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CMCRC TECH RESULTS IN $16M FINE FOR BRITISH HIGH-FREQUENCY TRADERS

Vito 
An invention from an Australian technology business has been used to crack a case about dodgy high-frequency traders in Britain, resulting in a landmark decision by the British High Court and a $16.3 million fine.
Capital Markets Cooperative Research Centre’s SMARTS system, which analyses transaction log data from stock exchanges globally and can reconstruct trading second by second, was used to expose market manipulation on the London Stock Exchange that occurred in 2010 and 2011.
Author:  Yolanda Redrup
Source:  AFR
News Link: CMCRC tech results in $16m fine for British high-frequency traders
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