TO me that is one of the best arguments against the conspiracy theory in general AND in this case. But, OTOH, there have been massive fines against brokerage houses for failing to follow rules so that weakens the argument. How much, I don't know. It is naive to think that everybody always plays by the rules.
And it may be that the number of people possessing the knowledge that there actually is more mm power over pricing than people realize could be a very small number. The individuals who execute the programs could be innocent and as naive as everybody else. Those who WRITE the programs AND get commissions related to it (possibly) may be the only ones who know.
We all know that the 2008 crisis was exacerbated by EXTREMELY COMPLICATED DERIVATIVE ALGORYTHMS written by a small number of high-ranking mathematicians. Did anyone blow the whistle on them? If they did it didn't stop the crash, did it? Who is to say that something similar isn't going on here?
All of this is based on a near-zero understanding of how the programs have been written and how they are implemented, so of course could be way off base.
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