Subject: File No. S7-32-22; Release No. 34-96496; Order Competition Rule
From: Matthew A
Affiliation:

Mar. 31, 2023

 


I am in favor of the before mentioned Order Competition Rule. Best execution is important for individual investors and helps promote a healthy and well-functioning securities market. Clear guidance is needed to read and interpret regulation NMS rule 605 reports. Finally, Brokers owe customers a duty of best execution based on common law principles and fiduciary obligations. Finally, conflicted orders do not balance or promote best execution and something needs to be done about this to help promote organic price discovery and also to help level the playing field for those unable to access high-frequency trading algorithms.  


Thank-you for your attention to this matter, 


Matthew A.