Subject: Re: Order Competition Rule, File No. S7-31-22, Release No.34-96495
From: Alexander Galas
Affiliation:

Mar. 13, 2023

 


Good morning!  


I am a household investor living in Wisconsin, writing about the order competition rule mentioned in the title. Overall I am heartily in favor of the rule; my comments are as follows: 
- I appreciate the attempts to bring transparency to ATFs and allow better price discovery 
- I am pleased that this will bring more competition to bear against the dominant market participants 
- I believe that orders should be routed to the auction by brokers before going to a market maker, to ensure equal access to information by participants in the auction 
- I am excited that this could bring greater price improvement than current market structure 


Best, 
- Alexander Galas