Mar. 12, 2023
My name is Matthew DeVries. I am a household investor who is entirely in favor of this rule proposal. Market-making middlemen such as Citadel and Virtu are known to profit off arbitrage in a way that is harmful to both pension funds and individual investors. The monopoly they have created on order flow has led to systemic inequality and instability. My only hang-up with this rule is allowing orders to go to market makers before going to auction. This is America, and as far as I can remember, fair competition and the free market is what supposedly makes this country great. I wouldn't really know, because for as long as I have been alive, monopolies like Citadel have subverted democracy and made fair competition impossible.