Mar. 19, 2023
Increased transparency in the market is always a good thing. Transparency in order routing through the market will be a big step in increasing confidence in the stock market. There are some platforms that offer routing to exchanges on the lit market (they do not make it easy), but many times I place an order knowing it will be internalized and never have an effect on the price of the security I am buying. That is the simplest iteration of the stock market failing. There should be detailed reporting on ATS, and strict rules and enforcement for those who do not follow or report appropriately. Escalating enforcement for repeat offenders. We need fair, transparent markets. Household investors deserve to have their orders at least hit the market. Actors getting in the way of this simple market interaction should be enforced upon. Citadel and Virtu do not speak for household investors. Thank you