If you're a consumer trading equities, NBBO rules protect you from being sniped at a detriment to you. In fact, flashing over ETNs is sometimes used to fulfill NBBO rules. These rules might be bad for higher-order reasons concerning liquidity and efficiency, but to a first approximation the consumer has nothing to fear from his order being fulfilled via flash.
It honestly isn't clear to me at all what you're griping about. It's like you read an article on the Internet and suddenly you're an expert on flash orders. I am not an expert on flash orders (and someone correct me if I am wrong), but it's pretty clear to me you're very confused.
It honestly isn't clear to me at all what you're griping about. It's like you read an article on the Internet and suddenly you're an expert on flash orders. I am not an expert on flash orders (and someone correct me if I am wrong), but it's pretty clear to me you're very confused.