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

Mar. 29, 2023

Please require ALL orders to be completed on an exchange, not dark pools or internalized. All shares of a company are supposed to be equal - if a trade is for one share or a million shares, it should be on an exchange and be shown on the ticker. Stock prices, as I understand it, are supposed to be based on supply and demand. Trading on a dark pool eliminates influence those shares would have on price discovery.