Mar. 18, 2023
March 18, 2023 Dear SEC Commissioners, I am writing to express my strong support for the proposed rule on disclosure of order execution information. As an individual investor, I believe that transparency is critical to ensuring fair and efficient markets. The proposed rule would require broker-dealers to provide more detailed information about the execution quality of their trades, including data on execution speeds, price improvements, and order routing practices. This information would be made publicly available to investors, which would help us make more informed decisions about where to route our orders and which broker-dealers to work with. I believe that this increased transparency would be a significant improvement over the current system, where investors have limited visibility into how their orders are being executed. By providing more data on execution quality, the proposed rule would help level the playing field between individual investors and large institutional players who currently have an information advantage. In addition, I believe that the proposed rule would encourage broker-dealers to compete on the quality of their executions, which would ultimately benefit all investors. If broker-dealers know that their execution practices are being closely scrutinized, they will have a strong incentive to improve the quality of their executions and provide better service to their clients. Overall, I believe that the proposed rule on disclosure of order execution information is a critical step towards improving transparency in our markets and ensuring that all investors have access to the same information. I urge the SEC to adopt this rule without delay. Thank you for your consideration. Sincerely, Caleb C.