Apr. 01, 2023
Hello, I am writing in support of the Commission's proposed tick size regime. I recommend clear and unambiguous language in the rule structure to avoid any confusion or litigation. Rather than 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. I recommend accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. It is of utmost importance that these steps are taken in order to regain confidence and trust in the market from people like me. Thank you for receiving my comment, Riley Hume