Dec. 27, 2022
December 27, 2022
I am in favor of approving the rule change as I believe it will provide more accurate price discovery for stock prices which in-turn creates more market transparency and allows for more competition in the marketplace.
The lack of competition in the market and the use of Payment for Order Flow is causing brokers to not operate in the best interest of their customers but of their clients who are paying for their order flow. Sending these orders to lit exchanges will allow for greater price discovery and be a big win for all participants in the market and hopefully stop market arbitrage which is causing people to loose trust in our markets.
I am also strongly in favor of fast and quick implementation of this rule change as we are currently experiencing a marketplace that is highly controlled by a couple major companies that do not have retails best interest. Allowing this proposal to be delayed is just as hurtful to the the markets future success. These proposals are very over due and quick/fast implantation will be a huge win for all participants in the market. Strongly against multi-year delays in making these changes. They need to happen and they need to happen as soon as possible. The health of the markets is heavily dependent on it.