Subject: File No. S7-31-22; Release No. 34-96495: Order Competition Rule
From: Noah Hudson
Affiliation:

Mar. 31, 2023

 

To whom it may concern,


As a household investor, I am in support of this rule. The extreme level of internalization in our markets today has made a mockery of what should be a purely supply and demand related system. Wholesalers and market makers currently route the majority of retails stock orders, meaning that the orders of many average Americans and investors around the world are having little to no impact at all on the price of the security they just bought or sold. By routing orders directly to the market as this rule suggests, it will make the market more competitive for everyone.


Cutting out the middlemen that are trying to “play the penny game” as Jon Stewart put it is a great first step to restoring public trust in the market, and ensuring a fairer market for all.