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

Apr. 01, 2023

 



I believe all trades in U.S.-based securities should be fulfilled immediately (T+0) and directly impact their "lit" market price. 


Large wholesalers such as Virtu Financial Inc. and Citadel Securities have the inherent ability to manipulate prices of individual securities because they can choose at-will where to send incoming orders, in so doing affecting the price discovery of said securities, often in the market maker's favor.