Mar. 19, 2023
Market makers should not be exempt from conflict of interests. Market markers are routinely failing to provide true price discovery while creating best execution of price for their own institutions. Market makers should be forced to disclose their order execution information. Best execution is important for the investor to receive the best price as well as helping to improve true price discovery. Conflict of interest orders should not be permitted or exempt from best price execution. Citadel is routinely failing to provide best price execution for investors just as it was discovered in 2017. The settlement likely did not stop these activities and was merely just a tax that they were happy to pay as long as they could continue to break the rules of the markets. As of now, there is very little faith in the markets where market makers, hedge funds and broker dealers routinely collaborate to obfuscate price discovery and rig the trading platform to be less about investing in businesses and more about turning the entire market into nothing more than a casino with rigged games. Proposed regulation for best execution is a necessary step in protecting household investors from the gamesmanship activities of market makers and hedge funds.