Mar. 12, 2023
Investor orders should be routed to an auction house where competition rules the flow. It certainly doesn't seem very fair that only a couple wholesalers get the privilege of the majority of the flow, which decreases competition and does very little to instill confidence in the fairness of our markets. It's actually very interesting that we allowed that kind of practice in the first place. Seems pretty obvious that limiting competition is the perfect breeding ground for unfair advantages. I would gladly pay a small commission, with a cap of course to keep things flowing. Either way, orders should be given the option to be improved by a multitude of competitive forces, not just a few. The amount of money that household investors will be substantial and our markets will be viewed as more fair. Seems pretty obvious to implement the auction route if people are expected to continue using this market system. Thanks for your time. Marcus