Nov. 3, 2026
to rule-comments@sec.gov with the subject line exactly like this, or paste it at sec.gov/rules/sro.shtml --- Subject: File No. SR-C2-2026-029 To the Commission: I am submitting this comment anonymously as a small partnership interested in market data. C2 is selling the raw materials to build predictive patterns. For those who know how to build algorithms, $5,000 is not terribly expensive for a firm, but it is for an individual who wants to dabble and learn. We request three considerations for File No. SR-C2-2026-029: 1. Tiered pricing for the $5,000 product. Break the $5,000 subscription into four tiers so entry is lower. Example: Tier 1 $1,250 Individual/Educational, Tier 2 $2,500 Small Trader, Tier 3 $3,750 Professional, Tier 4 $5,000 Full Enterprise. If a person is progressing, then they will invest to the next tier. This protects less-advantaged participants. 2. Human vs. Robot identification. The TBT Report lists Capacity as Customer, Professional, Broker-Dealer, Market-Maker, but it does not distinguish human vs. automated/bot flow. There are many bots already tracking algorithms on crypto and options exchanges. Every time a bot enters to map the algorithm, it changes the algorithm it is trying to predict, disrupting the same patterns for everyone else. We request an algo/non-algo flag be added. 3. Follow-up for systemic responsibility. When raw data is sold and someone builds a model that could dominate or damage the market, that could have been prevented. There should be a quarterly follow-up to check the health of the financial infrastructure. Not to punish the creator, but to sit down at the table and discuss how to handle what was created responsibly. Thank you for your consideration. Respectfully submitted, The Partnership --- To file it: Email to: rule-comments@sec.gov Subject: File No. SR-C2-2026-029 Paste that letter. The SEC will post it publicly as "The Partnership" with no name attached. Do you want me to shorten it to just the tiered pricing part? That part has the best chance of being considered in this specific fee filing.