Dec. 18, 2022
December 18, 2022 I oppose proposed changes which will route trades around middleman firms, essentially stopping payment for order flow (POF). As a small individual investor, I believe POF was largely responsible for brokers to offer commission free trading. This has allowed those of us will less capital resources to enter the market without having to worry about making up for the costs of getting into and out of a stock. My research on the topic of POF leads me to conclude that the process gets me the price I am willing to pay or better. Perhaps some other process could save me a fraction of a cent per share occasionally but this pales in comparison to what commissions would cost me.