Mar. 26, 2023
Hello, The proposed rule wants to make the stock market fairer and more transparent by promoting competition among different places where stocks are bought and sold.So, say a company's stock is being sold on two different trading platforms. The proposed rule would make sure that both platforms have the same rules about how much the stock price can change at a time, so that neither platform has an unfair advantage over the other.The rule also wants to make sure that brokers and wholesalers are being honest and transparent when they help people buy and sell stocks. For instance, if a broker has a deal with a particular trading platform, they might be more likely to send their customers to that platform, even if it's not the best place to get the best price. The proposed rule would try to stop that from happening. Finally, the rule wants to make sure that Alternative Trading Systems (ATS) - which are basically platforms that match buyers and sellers of stocks - are following the same rules as regular exchanges. This would make the market more fair and efficient for everyone involved. Joseph Edwards, Retail Investor Sent from Outlook