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Mr. Schlaepfer is pleased that ASIC’s truth defence has been struck down, rejecting the finding that Select Vantage Inc. (SVI) traders had engaged in market manipulation.

“The bull, it seems, has gone berserk. What had been a relentless but mostly orderly rise in stock prices since last spring has given way to a riotous new phase of the bull market, fuelled by frenzied trading among the growing ranks of small investors and rookie day traders.”

“The unprecedented battle between small investors and big-money pros took a sharp turn Thursday, as Wall Street hit back”

There has been considerable coverage of the rise of day trading since the onset of the pandemic. With many more people stuck at home, on furlough or unemployed, there has naturally been increased interest in trying to make a living from the markets.” says Daniel Schlaepfer, the CEO of Day Trade the World (DTTW), a company that offers anyone the opportunity to start their own day trading office.

Daniel Schlaepfer has been suing the regulator while it investigated his day trading business. One of the sides has laid down arms. And no, it isn’t him.

Select Vantage Inc. is pleased to have been informed by the Australian Securities and Investments Commission (ASIC) that its investigation into suspected contraventions of the Corporation Act in relation to trading in various securities has been completed, and that ASIC has decided it will not take any enforcement action.

“The stability of the global market depends on the international flow of liquidity. These flows have already been tempered by Covid-19.” says Daniel Schlaepfer, the CEO of Day Trade the World (DTTW), a company that offers anyone the opportunity to start their own day trading office.

Some quick-draw traders that don’t use complex algorithms are also benefiting from the market’s swings. Daniel Schlaepfer, CEO of Select Vantage, which has more than 2,000 day traders world-wide, said his firm’s top 10 record days have occurred this month. Daily trading volumes across the firm have doubled since markets began their slide, he said.

Think of last week’s stock market as a Terminator movie. As an individual investor, you were an all-too-human Sarah Connor, up against thousands of computer-based traders (that’d be the nefarious Skynet artificial neural network). If you’ve seen the film – any of them, really – you’ll know how the showdown ended: You survived, but you got beat up pretty good.