Mar. 19, 2023
Hello Ms. Countryman, I am writing in support of the proposed Disclosure of Order Execution Information. Technology applied to market making and trade execution has outpaced regulation and this rule would provide welcome clarification to the framework. Practices and schemes utilized by market makers may offer pretty good execution, or selectively better execution, but best execution as expected through common law principles is not universally or consistently offered. This is evident considering recent fines levied against prominent firms. This rule if enacted should help clarify the requirements of best execution which will improve efficiency and help align incentives between market makers and household investors. Thank you Lee Cunningham