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

Mar. 12, 2023

 


Hello, 


I am writing to voice my concerns on the above mentioned proposed rule (Order Competition Rule, File No. S7-31-22, Release No.34-96495) 


I support that this bill wants to force orders to go to public auction, there is not enough competition in the stock market today and increasing that competition would allow for fairer more accurate prices on the exchange.  


I am in full support of this bill except for one point. That point is that it allows orders to go to some firms first before going to public auction. The rule should be orders go to public auction first, no exceptions. 


Please let me know if you have any questions, I would be happy to elaborate more on my concerns. 


Regards, 


John Hanifin