Subject: File Number S7-32-10
From: Jason Acevedo
Affiliation:

Feb. 04, 2022

 

Thank you for putting in the effort to detail this out. It is quite ridiculous how so many bad actors have gotten away with this for so long. If the dollar is the reserve currency for most of the world, and are markets are this corrupt on a daily basis, this is now a national security issue. Trust and respect are earned not given. Allowing these bad actors to continue is a horrible mark for our country and our markets.
 
They randomly discontinued swap reporting until 2023? The majority of trading and price movement happens after hours and in markets retail does not have access to. They restricted only ONE side of a sale, purely to help themselves stay afloat.  
It is wrong in so many ways. Thank you again for shining some light into this. 
 
Jason Acevedo
RBC Capital Markets