Dec. 27, 2022
December 27, 2022
Hello securities and exchange commission, its the steel hearted individual retail investor again If I could I would do a friendly tip of my hat towards you all, but as this is merely text I will wish you (and whoever happens too be reading this comment letter) a wonderful day once again instead.
This comment letter will be on the new proposal for Disclosure of Order Execution Information, otherwise known as proposal File No. s7-29-22.
For starters, I would just like to say that I am in strong support of this proposal, and the enhanced transparency it would provide to retail investors. It will be fantastic to have a more up to date data sheet available for modern markets to help evaluate execution quality among different market centers.
I am all for the content of the reports containing all the new information stated in the proposal. It would be great to have all this information publicly as a retail investor to help ensure execution quality, and would be a great incentive towards institutions to work towards a more competitive market towards retail.
This is an overall fine update to scope and effect of rule 605 by the SEC, as our markets have changed quite a lot since the original inception. They are also much faster moving in the digital age we live in, and I am all for more statistical documentation being available when it can all be computationally derived in mere seconds by computers.