Subject: File No. 10-222
From: Thomas C Spear, PE

February 2, 2016

I am commenting to strongly express and urge support that IEX should be a protected quote as a small independent trader I need the chance to have my orders executed on a fair market that does not provide select participants with speed advantages.

I will use the IEX Router because I cant afford to build my own and I don't want my orders subject to latency arbitrage.

I will utilize IEX to prevent my orders from being internalized creating the possibility of executing against other investor orders as guaranteed by the Securities and Exchange Act of 1934.