Mar. 19, 2023
March 19, 2023 Orders should go to public auction in order to get best execution. PFOF prevents best execution and should be made illegal in the US as it is in the UK. The Commission should address the unfair information advantage of wholesalers by having brokers first route to the auction and specify where the order should go if the auction is unsuccessful. Wholesalers are taking billions from individuals and institutions and calling it \"superior performance\" while lying about the quality of their services to maintain their profits.The proposed rule to bring more transparency to dark markets should be implemented as soon as possible.