July 18, 2023
Leveling the playing field by increasing visibility into the darker parts of our markets is imperative to providing fairer freer markets for all. Continuing to obfuscate data reporting of swap positions will continue to allow large players to hide positions, engage in illegal activity provide endless liquidity which does not serve a fair or free market. Endless liquidity destroys price discovery hiding reporting empowers those bad actors. It's time for market reform in the United States' financial markets. Swaps derivatives are absolutely causes mayhem in the financial sector. We've seen some of the largest meltdowns ever in banking over the last year. It's clear we need more transparency more oversight into an industry that loves self regulation. I support rule s7-32-10.