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Actually yes, Chris Stucchio's posts on the subject are pretty in depth starting with https://www.chrisstucchio.com/blog/2012/hft_apology.html

You could also look at the book, Flash Boy's Not So Fast, which takes apart, page by page, all the arguments in the book, Flash Boys

http://www.amazon.in/Flash-Boys-Insiders-Perspective-High-Fr...




Sorry to piggyback on your point and rip off Matt Levine a little bit, but most of the cage rattling seems to ultimately come from people who are mad that it's harder to slip in their huge orders without having a price impact like it should.




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