Mar. 31, 2023
Dear sir/madam, I fully support the proposed rules. The proposed changes to ATS rules promote better alignment with regulatory frameworks for exchanges would be beneficial for individual household investors. ATS should establish and enforce written policies and procedures to prevent fraudulent and manipulative practices. This would help to protect individual investors from abusive practices in the ATS market. Sending orders to a wholesaler for internalisation should not be the only option available to investors. Competition in the marketplace is necessary to regulate markets better and barriers to competition, such as the conflicted nature of PFOF, should be removed. Best regards, Toby