Subject: S7-30-22: WebForm Comments from Anonymous
From: Anonymous
Affiliation: Attorney

Dec. 28, 2022

December 28, 2022

 Minimum tick sizes, access fees, and transparency of better priced orders is necessary to restore order to the markets and improve fairness for retail against financial giants.

Today, it is clear to see when an order is internalized, you merely have to watch for the price.  The smallest of increments generally dictate that an order has not been traded on the lit markets.

Establishing a minimum tick size helps preserve the appropriate measure of supply and demand.  An intervenor cannot overbid and internalize by a bid barely over ask by the merest fraction of a cent in order to internalize the ongoing demand.

Regardless of whether the foregoing is known or agreeable, the idea that a rule that improves transparency, orderliness, and standardization of the base principals of the market: money, information, time, and parties, is incredibly important to the market itself.  Trust is critical to the operation of a healthy market and the public is very quickly losing trust of the financial markets of the united states.  In the short term history, there have been repeated financial crises that can easily be traced back to malfeasance, under regulation, and downright crime.  How we got this far down this dark path is also easy to trace: big money first took the chains off of itself in lobbying for deregulation of the financial industry, then it deregulated the financial industry.

More information, clarity, and affirmable standardization is absolutely necessary in today's financial markets.  It is not the solution, but it is a step in the right direction.