Feb. 27, 2023
February 27, 2023 The audacity of the very idea behind 24X's ability to trade at OTC prices or fees, with or without liquidity in any asset class, and do so at top-of-book or at any point outside of trading hours that other household or institutional investors are shut out of, is just purely emblematic of how short term prioritization of profit in the finance industry has warped any hope of household investors ever getting any of their money's worth. That 's not even mentioning that the US government has already convicted and sentenced one of the main funders behind this project for insider trading at SAC. What can this exchange possibly offer that enriches the US lit/unlit markets that supposedly have the most healthy and robust liquidity in the world? How can you convince the American taxpayer or household investor that this isn't another way to trade around the wider market conditions everyone is currently experiencing? How can this product even be assumed to be safe when those that will have access to trade on it have already consistently abused their \"market-making\" privileges to provide essentially infinite liquidity at the NBBO no matter the direction that a business or stock is taking? Please do not idly stamp and allow more fraud into the US markets. Household investors are taking their assets off the most traditional exchanges because they literally cannot afford to take losses on the stocks and assets that are being sold short or oversold maintain the illusion of a functioning and healthy marketplace. You can see the writing on the wall as regular people attempt to exit their 401k/403b positions when they change jobs at a loss and tax hit, just to try and have extra cash on-hand while they work on finding a job in the one of the worst labor markets of our lifetimes. 24X's \"business proposal\" is just allowing a new, creative way to cut the line for those with the means to set their own prices and exchange rates. It simply can't exist in parallel with the idea that the United States has a free and fair market for corporations, small businesses and household investors alike.