Mar. 31, 2023
March 31, 2023
Subject: Comments on S7-29-22
Disclosure of Order Execution Information
From: Higinio Jr. Sustaita
Date: March 31, 2023
Briefly, access to order execution information can help retail investors make more informed decisions,increase transparency and promote competition among brokers, all of which can ultimately benefit the market.
Access to order execution information can help retail investors in several ways.
1. Transparency: By providing detailed information on the routing and execution of orders, retail investors can gain transparency into how their brokers handle their orders. This can help investors identify potential areas for improvement and make informed decisions about where to route their orders.
2. Best execution: order execution information can help retail investors assess whether brokers are providing the best execution by ensuring that trades are executed at the best price.
3. Price: improvement information on the price can help retail investors identify brokers who provide prominent execution services ensuring ultimately result in better prices for trades
4. Comparison: By disclosing information and execution practices, brokers are compared easily against their coequal. Allowing investors to make an informed decision about which broker to use.
5. Retail investors: can access order execution information from their brokers by connecting with their brokers directly comparing information, or checking to see if the information is available online or through the tracking platform
6. Brokers: provide detailed order execution information and monthly reports from their brokers.
Thank you for the opportunity to comment and propose an improvement, order execution information, and a transition path for positive improvements in the Regulation of the National Marketing System.