Dec. 22, 2022
December 22, 2022 Subject: File S7-31-22 Order Competition Rule From: Higinio Jr. Sustaita Thur, Dec. 22, 2022 Briefly, Oligopoly markets tip the playing field. Given this, when retail trades are routed to the dark markets, trades or increasingly inconsistent and inaccurate. Therefore, most attempts to control trades often struggle to overcome price discovery and equilibrium between supply and demand. Eequally, the Order Protection rule was adopted under the National Marketing System of the Securities Act amendments of 1975. Therefore, The Order Protection Rule aims to ensure that retail investors receive the best price. Also, the rule established the National Best Bid and Offer requirement that mandates brokers to route orders to venues that offer the fairest market price. Setting forth, Order Competitive Rule would provide a transition path for retail investors a fair chance to compete and allow other market participants to compete for retail investor orders in the broader markets. Thank you, for allowing me to comment and proposing Order Competitive Rule.