Dec. 26, 2022
December 26, 2022 Executing retail orders on off exchanges has been abused to a criminal extent so that market makers who also own hedge funds can profit off of trading against retail. Citadel is the main financial criminal organization that is utilizing off exchanges to abuse their market maker privileges so that they can both make a lot of money but also defraud retail traders as well. Off exchanges should be used in rare circumstances in alignment with their original intent. Small retail trades should always go through lit markets otherwise retail trades have no ability to affect the price of a stock therefore allowing companies like Citadel to control the price of stocks to favor the trades they've already made. Not only should this rule change happen immediately but the abusers of off exchanges should have their market making privileges permanently removed and they should be prosecuted for securities fraud.