well i wold agree the big money has the resources. but i dont thikn they control much in the longer run. inefficiencies will be worked out one way or the ohter.
other point is that the world is becoming more connected and capital flows are easily directed across borders. and of course there are more players now. who may or may not compete against eachother. wittingly or unwittingly. this is an argument for the use of t/a- as any single player gets less powerful/influential, the markets tend to move in a more free fashion.
all major players need to have a t/a desk. the fact that the major players use dispersion analysis and sophisticated hedging strategies with varying leverage proves that they have lost some control over the broader markets. thas good for everyone actually. so the playing field will never be level, but is getting to be less of a climb up everest for most of us..,