Mar. 07, 2023
It doesn’t seem fair to me that different exchanges can trade in different tick sizes. It would seem that this would allow nefarious market participants to steal orders in the name of “price improvement” while pocketing most of the profit. Leveling the playing field with clear rules, without loopholes, that harmonize tick sizes across exchanges would eliminate this exploit. I would rather pay nominal more to invest within a fair market and not one exploited by a wholesaler that is frankly a drain on the economy. It is my understanding that the SEC is there to enforce fair, competitive markets. Having special rules for some fosters neither. Best regards, Michael Wilson