Mar. 07, 2023
March 7, 2023 To whom it may concern, I strongly urge you to pass S7-29-22 Disclosure of Order Execution Information. If there is one thing wall street needs, it's more transparency. Rule 605 was adopted far before the advent of high-frequency trading and the rise of dark pools and single-dealer platforms. The current system is completely shrouded in secrecy and allows insiders the ability to conduct trades in figurative backrooms. Single-dealer platforms specifically have very little regulation surrounding them and allow abusive market participants to hide their trading activity and cook their books. I believe this rule will bring some much-needed transparency to how SDPs and broker/dealers are facilitating predatory trading practices.