Feb. 24, 2023
February 24, 2023 I am writing to express my strong support for the proposed adoption of variable minimum pricing increments for the quoting and trading of NMS stocks, as well as the reduction of access fee caps and the enhancement of the transparency of better-priced orders. These proposals have the potential to significantly improve the functioning of our markets and benefit investors of all sizes. The proposed variable minimum pricing increments would allow for more precise pricing and execution of orders, particularly for smaller orders. This would help to ensure that all investors, regardless of the size of their orders, have access to fair and transparent pricing. The reduction of access fee caps would also benefit investors by lowering the costs associated with trading, particularly for those with smaller orders. Finally, the proposal to enhance the transparency of better-priced orders would help to ensure that investors are able to access the best possible prices for their trades. This would increase competition among market participants and ultimately lead to better outcomes for investors. I believe that these proposals are essential steps towards improving the functioning of our markets and ensuring that investors of all sizes are treated fairly. I strongly encourage you to support these proposals and work to ensure that they are implemented effectively. Thank you for your time and attention to this important matter.