Subject: Comment Letter for File Number S7-31-22 Order Competition Rule
From: Dennis Hill
Affiliation:

Mar. 22, 2023

Routing orders through alternative exchanges is a method of price suppression and manipulation. Payment for order flow rigs the market and should not exist. There is no legal or justified reason for PFOF to exist.

The USA and world does not need market makers as the markets should operate in a transparent, fair, and open system.

Stop turning a blind eye and fix the system.

Sincerely,
Dennis Hill