It’s been a busy time at the ASX

The Australian Securities Exchange is referring an increased number of insider trading allegations to ASIC with six breaches referred in January alone, compared with the eight that were reported during the second half of last year. The ASX is also looking into anecdotal evidence that suggests that hedge funds may be colluding in trading. Increased market volatility has generated a surge of 42 per cent in the number of share price enquiries and a 15 per cent increase in the number of company announcements. When announcing its first-half profit which was up 34.5 per cent to $187.4 million, the ASX said that cash equity trading volumes in January had jumped by 115.3 per cent compared with the same time last year, while futures volumes had increased 28.7 per cent.

Source: The Australian Financial Review