Mar. 31, 2023
March 31, 2023 As someone who has traded in equities over the last several years such as wkhs which have experienced many days with greater than 50% darkpool trading volumes and aggregate failure to delivers sometimes in the millions, I have seen the failure of accurate real time price discovery lead to the significant manipulation of share price to the frequent detriment of retail traders. The practice of payment for order flow can thus be seen to continually undermine both the spirit of the market and the ability of the Lit market trader to trust what they see when viewing market movements and make educated decisions about fair value. For these reasons payment for order flow should be banned and Lit market orders should not be allowed to be filled by internalizers.