Mar. 07, 2023
Dear SEC, I am writing to express my deep frustration and disappointment regarding the current state of the market, specifically the issue of harmonization of tick sizes across all exchanges. It is absolutely unacceptable that certain exchanges are given special treatment and are able to leverage that advantage to build monopolies in certain areas of the market. All exchanges should be required to quote and trade in the same increments, without exception. It is completely unjust for some exchanges to be granted an unfair advantage over others, leading to monopolistic control that directly opposes the positive benefits of competition. The markets are supposed to be fair, yet the current situation is anything but. It is essential that we work towards true fairness in the market by making all exchanges adhere to the same standards. I fully support the tick size regime proposed by the Commission, as well as any structure that is clear and unambiguous without any vague language. Loose language only makes enforcement difficult and wastes taxpayer dollars on needless litigation. I also strongly support the inclusion of odd lot information in the SIP. As the majority of trades in the market are odd lots, it is essential that individual investors have access to this information in order to make better investment decisions. The exclusion of odd lots from the NBBO is a major problem, as it amounts to the exclusion of most individual investors - the majority of the voting public. Please look into a fair and proportionate way to include odd lots in the calculation of the NBBO. In conclusion, I urge you to take action toward a fairer and more transparent market. The future of our economy depends on it. Thank you for your attention to this matter. Sincerely, Alberto Depentor