Mar. 19, 2023
I support this rule. Specifically its clear language and proposed tick size regime As a retail investor, I'm tired of the clever terminology around "best execution" that allows wholesalers to selectively apply price improvement to their own benefit. The system as it stands is far to opaque. With public sentiment toward the stock market at a local minimum, this is critical to restoring that confidence. While reducing the access fee caps is a step in the right direction, completely eliminating exchange rebates would further enhance transparency and fairness in the market. The revised round lot definition and odd lot dissemination on the SIP would enhance reporting efficiency and reduce delays. It should be implemented without delay. Similarly, regulation should establish a variable minimum pricing increment model that applies to both quoting and trading of NMS stocks to promote fair and transparent pricing across trading venues. It's absurd that wholesalers would have the privilege of trading at smaller decimals, it's an obvious point of manipulation. This minimum pricing increment should be equal for everyone. Regulation should further establish a zero or very low fee structure to eliminate the potential for trading simply to increase volume.