Dec. 27, 2022
December 27, 2022 I am a retail investor writing to express my support for this proposal. This rule would help retail investors like myself secure better prices on orders, and would improve competition and transparency in our market structure. Given that many retail traders and investors use market orders to execute their trades, and that competitive shortfall on these trades is estimated to be 1.08 basis points per dollar traded by wholesalers, with an estimated total annual amount of $1.5 billion, that represents a huge potential savings for retail investors