October 16, 2021
I spent the last two hours going over and over this amendment, in utter disbelief as to what I was reading.
How can the NYSE, in good conscious, think this is a rule that would benefit the market as a whole? It wouldn't.
In fact, it would, categorically, make the market even more one sided than it already. This rule CANNOT be allowed to pass. How can a fair market be fair if RETAIL TRADERS ARE PREVENTED FROM TRADING, WHILE DARK POOLS REMAIN OPEN TO RAMPANT ABUSE?
If this rule is allowed to pass, I fear the world lose faith in our markets even more. It may not cause a massive move to other markets, but it will create a slippery slope where, slowly but surely, people will seek more transparent markets. After a decade, or two, our market may never be as healthy as it ever was.