Growing fears that high-frequency trading and "dark pools" are distorting Australia's markets are largely misplaced, the Australian Securities and Investments Commission concludes in its study of the phenomena. "We found public concerns over HFT appear to have been overstated and can be attributed to the increasing use of trading technology by investors generally," said ASIC commissioner Belinda Gibson, noting that widely recognized definitions of market abuse are sufficient to cover any misdoings.

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