Feb. 23, 2023
This rule will greatly help the retail investors to get the best execution possible. Internalization without first posting the order to a lit market is bordering on market manipulation due to how it can obfuscate the true investor sentiment. It also allows for frontrunning of retail orders in strategically "legal" methods. Internalization at all should be banned entirely, but this rule is a step in the right direction. - Michael DiDomenico