Mar. 31, 2023
- I support this rule as it is the SEC's job to make sure trading across all platforms is as equal as possible. - The routing of orders by brokers and wholesalers should be transparent to all who participate in the market. - Proposed changes to ATS rules aligning them better with regulatory frameworks for exchanges would benefit individual household investors. - ATS should provide detailed disclosures about their operations, including how they manage conflicts of interest, order routing practices, and handling of customer orders, making it easier for investors to understand and track ATS activities. - ATS should have written policies and procedures to prevent fraudulent and manipulative practices, protecting individual investors from abusive ATS market practices. - To improve SEC oversight and regulatory compliance, ATS should share detailed information about their systems, including execution of orders, order routing practices, and information about the use of dark pools. - Consistent regulatory compliance across securities markets would promote fair and transparent trading practices, benefiting individual investors. - Implementing a variable minimum pricing increment model for quoting and trading of NMS stocks would ensure fair pricing across trading venues, ultimately benefiting investors. - The proposal for variable minimum pricing increment model would promote fair pricing across trading venues, which is necessary for ensuring a level playing field for all investors. - Household investors support initiatives to identify and prevent fraudulent practices that undermine market credibility, integrity, and functionality. - Investors should have options beyond sending orders to a wholesaler for internalisation, improving market access and competition. - To prevent brokers from charging high commissions or fees, a cap on PFOF should be implemented. - Increased competition to supply liquidity to marketable orders could result in savings for retail investors ranging from $1.12 billion to $2.35 billion. - Removing barriers to competition, such as the conflicted nature of PFOF, is necessary to promote better market regulation through competition. Virus-free.www.avast.com