Mar. 31, 2023
Instead of allowing rebates and other inducements in the marketplace, establish a zero or very low fee structure to eliminate the potential for trading for the sake of volume. Implement 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. 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. Recommend accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. I can't understate the importance of taking these steps to regain public confidence and trust in the market. Enforcement matters. We want higher fines, bigger penalties, actual consequences. Investors to support additional 0.64 cents more a share to avoid being routed through a wholesaler that has been charged over 70 times by the United States government