Mar. 22, 2023
Hello, As a household investor i strongly support your actions leading toward a fairer market. It is vital that Citadel and other market makers are not allowed to to receive orders before anyone else - the orders must hit a public auction first. Price discovery matters and that will never exist without this rule. In the matter of Payment for Order Flow - it has already been banned in multiple countries, including the UK, due to the inherit conflict of interest. It must be banned in the US as well for a free market to exist. It is also a fact that brokers who don't accept any kind of PFOF route orders se superior execution quality. Licensen of brokers with repeat offences must be revoked. A small fine is not enough. It is essential that you ensure fair competition by reducing monopolistic behaviour and removing profiteering middlemen from the market. This rule is a good step in the right direction of restoring faith in the US markets. Thank you for your efforts, Best regards Nils Ericson, Household investor and MD