Integrity and Fairness: How Australia's Security Market Measures Up

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.