A new report on the fairness and integrity of global securities
markets reveals Australia has a higher incidence of aberrant trading
behaviour, including insider trading and market manipulation, than many
other major markets. Instances of information leakage that require
investigation are five times greater in Australia than in the Europe,
according to figures produced by the Capital Markets Cooperative
Research Centre at the University of New South Wales. The first of its
kind in the world, the report offers regulators important insights for
market redesign. And, with evidence of a correlation between fairness
and trading costs, it shows a clear need for further investigation.