Mar. 31, 2023
As a retail investor this rule proposal will do well to create a fairer market. A retail investor like me would gladly pay commission to avoid being routed through a wholesaler. The proposed tick size regime, variable minimum pricing increment model, and revised round lot definition are important steps towards promoting fair and transparent pricing across trading venues. I strongly support the harmonization of tick sizes across all exchanges and the elimination of rebates and other inducements in the marketplace. It is imperative to establish a zero or very low fee structure to eliminate the potential for trading for the sake of volume. I also support the acceleration of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays.