http://www.nytimes.com/2012/06/27/b...ver-trade-transparency.html?_r=2&ref=business "NYSE Euronext, the company that owns the exchange, is asking regulators to approve a new platform that would attract orders from ordinary investors and then divert them away from the normal exchange with the aim of getting the investor a better price. Nasdaq and the exchange company Direct Edge said they have similar plans in the works. The proposal looks like a technical tweak to help ordinary investors. But it has become the front line in a battle over what the nationâs stock markets should look like after nearly a decade of fragmentation has resulted in over a third of all stock trades occurring in the dark, up from 15 percent in 2008, according to Rosenblatt Securities, a brokerage firm. In the past, the exchanges have pushed regulators to force the dark markets to become better lit, but James Allen, the head of capital markets policy for the CFA Institute, said that with the new proposals the exchanges are acknowledging âthat if you canât beat them, join them.â" 10 years from here, everyone will only trade like in 1920, no Level 2, no quotes, only prints, a lot of prints. And someone is saying that this is called evolution? lol.