Mar. 31, 2023
Dear SEC, I am writing to express my support for the new rule that states Citadel cannot be the first to receive orders. Instead, orders must go to a public auction where everyone, including pension funds, has an equal opportunity to fill the order. This rule is an important step towards a fairer and more transparent stock market. It ensures that all market participants have an equal chance to access trading opportunities, regardless of their size or market power. As you are well aware, Citadel has long been a dominant player in the stock market, and its size and influence have given it an unfair advantage over smaller traders and household investors. By requiring that orders go to a public auction, the new rule levels the playing field and ensures that all market participants are treated equally. Furthermore, this new rule will help to promote competition in the stock market. By allowing all market participants to participate in the auction, the rule encourages new entrants to enter the market, which will ultimately lead to better prices for investors and traders. In conclusion, I urge the SEC to continue its efforts to promote fairness and transparency in the stock market, and to support the new rule that ensures that all market participants have an equal opportunity to fill orders. Thank you for your attention to this matter. Sincerely, April Woods