Mar. 07, 2023
I support the harmonization of tick sizes across all exchanges, market makers, ATS’s and all other trading venues. I will gladly pay a $5 broker commission to ensure my trades do not go to criminal wholesalers like Citadel and Virtu who think infinite liquidity is a good thing. I would like for individual investors to be able to choose whether their trades go to public exchanges or wholesale trading venues. Definition of “tick constrained” should apply to as many symbols across the market as technically possible, and not just a short list. There is no place for rebates, PFOF and inducements in a free and fair market. These practices should be outlawed since they are hurting individual market participants more than they are helping. PFOF is identical to organized crime. Odd lot information definitely needs to be published on the SIP. Of course, a rule is only as good as the enforcement behind it. I urge the SEC to move forward with the full set of proposals laid out in this rule at the earliest.