Subject: S7-31-22: WebForm Comments from Patrick R
From: Patrick R
Affiliation:

Feb. 28, 2023



February 28, 2023

 Can a FAIR and PUBLICLY traded market allow certain trades to be internalized or hidden in dark pools?
I think not.

Can it allow payment for order flow?
I think not.

In an era of instant communication, should an electronic order FAIL to be delivered or take LONGER than an hour to settle?
I think not.

Should it take YEARS to fix these problems?
I think not.

Should all orders be visible so the price can be equally and fairly determined by all?
I think so.

Are market makers and broker-dealers given an unfair advantage when they can select which trades to show or hide?
I think so.

Should the laws of supply and demand determine the price?
I think so.