Subject: Re: Order Competition Rule, File No. S7-31-22, Release No.34-96495
From: Judy Calderon
Affiliation:

Mar. 12, 2023

 


I support the rule with one exception: The rule allows for orders to go to Citadel first and then to the auction for fair competition. This still gives them a major information advantage which should be removed. I believe it is only fair if brokers  first route to the auction and only then, if someone doesn't take your order, routing to Citadel.