Dec. 27, 2022
December 27, 2022 Hello again securities and exchange commission, its the indispensable individual retail investor here again Hopefully another wonderful day to you guys, and to whomever else finds themselves reading this comment. I once again cannot overstate how thrilling it is to see such rules being proposed for our markets This comment letter will be on the new proposal for Order Competition, otherwise known as proposal File No. s7-31-22. I would just like to begin by stating I in in strong support of this proposal A rule to enhance competition for the marketable orders of retail investors is fantastic, especially since it will expose more orders to open and fair competition before they are executed internally. The internalizing of market orders from retail is a big hindrance to true price discovery, and is far less than favorable when it comes to having confidence in the markets structure. Its really great to see especially that execution priority will not be just given to the fastest auction response as well. Its also nice to see pricing increments being limited. Open competition is great for price discovery, and the open part is especially good for at the very least my confidence in the markets. It will do well to know that even if my orders are unable to be fulfilled with this auction type competition my order will still be executed at an equal or more favorable price limit though. Even such, such internal execution would do well with documentation that is transparent towards the retail investor, and it would be even better if said internalization wasnt hidden from price discovery.