Subject: File No. SR-NASDAQ-2012-043
From: Kathryn Keita
Affiliation: Investor Relations Officer for a large-cap company

April 18, 2012

I am writing as a private citizen and investor as well as in my capacity as an investor relations officer who has grown frustrated with the increasing disconnect between companies' P/E multiples and their performance.

The markets are morphing into something beyond our ability to understand and regulate them, and approving Nasdaq's Market Quality Program will make the problem even worse.

Please do not approve this program for the following reasons:

-The request is to support nothing more than statistical arbitrage, which is not good for the average investor. The only parties benefiting are the arbitragers themselves and the markets that get paid to support the practice.

-Paying market makers would require changing the rules rohibiting such payments. These rules were put in place for a reason.

And saying something is good for markets does not make it so. In addition to the colossal central-bank currency footprint tromping through equities, the other chief distortion in your capital markets is statistical arbitrage. More is less.