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

Mar. 31, 2023

 


This current rule allows brokers such as citadel to control the price. Which is unfair to everyone else as they get the orders first. If is fair to everyone and the retails, it should be a public auction where everyone and anyone goes to fill their orders. 


Payment of order flow had been banned in the UK , we should learn from them. 


Cheers, 
John Z