Mar. 31, 2023
I approve of this rule. Market makers utilize "price improvement scheme" by saying they offer best trades in the market. However it has been proven wrong countless times by people like Dave Lauer and the rest of the people at IEX. I will give credit where its due that while their performance statistics seem to support this, they often do not provide the best price available, but rather a slightly better price. This rule should expose if there is any unethical behavior in the market and stop them taking an advantage over the household investor.