Mar. 31, 2023
To whom it may concern, The following comments are in regards to File No. S7-31-22; Release No. 34-96495: Order Competition Rule I Strongly support the Commission's proposed tick size regime, and recommend clear and unambiguous language in the rule structure to avoid any confusion or litigation. I believe that Instead of allowing rebates and other inducements in the marketplace, establish a zero or very low fee structure to eliminate the potential for trading for the sake of volume. I think the markets should Implement a variable minimum pricing increment model that applies to both quoting and trading of NMS stocks to promote fair and transparent pricing across trading venues. It is good that while reducing the access fee caps is a step in the right direction, completely eliminating exchange rebates would further enhance transparency and fairness in the market. I would recommend accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. I hope i can highlight the importance of taking these steps to regain public confidence and trust in the market, particularly in light of recent events like the GameStop controversy. Thank you, Ivan Johnston