Who is calling the shot in the stock market industry?

SGX is still fighting tooth and nail to get married to ASX. It has offered the highest dowry it could pay and may even have to go on its knees to ask for the hands of the bride. According to some financial analyst, this marriage is like a life and death situation. Without the copulation, there would not be any future down the road. Both parties, on its own, without being hooked together, will be left on the lurch. The stock market industry has changed. The big funds are now calling the shot and dictating how the stock markets should operate. Big funds will eat into the market share of officially corporatized stock markets around the world by playing foul. No, not really. They just hook their super computers into the stock market system to take advantage of their high speed and technology to clean up the small players, with approval from the stock exchanges. This is now legal. Stock markets now do not have to ensure a level playing field. For if they do so, the big funds will not want to play ball with them. They are now held at ransom by the big funds and have to take orders from the big funds. And the big funds simply say, I want to take advantage of the system with my technology. To hell with the small traders. It is us or them. The next great fear is Dark Pools. The Dark Pool operators make transactions in the dark, unknown to the rest of the investors. They could also trade outside the stock market system. The need for transparency to ensure that all traders are privy to the same information, and level playing field, no longer apply to the Dark Pool operators. As long as the stock exchanges know, or the Dark Pools informed the stock exchanges, that is good enough. The rest of the traders need not know who buys what and in what volume. The same reasons go. The Dark Pools are going to eat up the market shares of existing legal stock exchanges and the stock exchanges cannot do anything about it. The stock exchanges must compete under the same rules and operating styles of the big funds and Dark Pool operators, or else they will go the way of the Dodo bird. The govt controlled stock exchanges around the world are threatened by the big funds and their big machines and the Dark Pools. You have to believe this logic. It is the new testament, the new commandments. The rogues are telling the govt constituted stock exchanges how the game should be played, under their terms and conditions! In the name of fair play, transparency, level playing field, could not the govt make such unfair practices illegal? Why are the govts across the world not stopping such nonsense from going on? The big funds and Dark Pools are cheating and robbing the investors with unfair advantages and practices. Is there such thing as right or wrong today? Is there such thing as legal or illegal? When the rogues and gangsters run the show, where will it lead to? You may wonder why the big funds and Dark Pool operators did not go to the casino to do the same thing. The answer is obvious. The losers will be the casino operators. In the case of stock exchanges, the losers will not be the exchange but the disadvantaged investors.