Predators in the Pool: How Dark Pools Tackle HFT

There are those who view markets as nothing more than an arm of capitalist theory. Purity of ideology demands that capitalist actors be unencumbered in those markets. Neither regulation nor third-party rules should constrict how a trader seeks alpha.

The counterargument is that laissez-faire markets too quickly become chaotic markets. No rules means no trust, and the market becomes a jungle so full of predators that no one wants to go hiking except for the ones with the teeth. Such a scene