Apr. 01, 2023
I am a retail investor and I believe the exclusion of odd lots from the NBBO is a big problem. Odd lots are now a majority of trades in the markets. Within some stocks, they are the vast majority. The exclusion of odd lots from the price of a stock amounts to the exclusion of most individual investors - most of the voting public. The exclusion would make the markets unfair for people like me. I am outraged to learn that some exchanges get special treatment and are able to leverage that special treatment to build monopolies in some areas of the market. Please look into a way to fairly and proportionately include odd lots in the calculation of the NBBO. I support the Commission's proposed tick size regime, and recommend using clear and unambiguous language in the rule structure to avoid any confusion or litigation. Elliot