Subject: File No. SR-NSCC-2022-003
From: Anonymous.

April 20, 2022

I believe this change to be harmful.

Increased liquidity does not justify its negative affects on the fairness of the market.

The market is too complex and distorted as it is, and there is no major issues with liquidity to warrant further distortion. Supply and demand has been warped for the sake of liquidity, a function which wholly benefits market makers and harms retail investors.

Fairness in the market, more accurate price discovery, and the balance of supply and demand should be valued over liquidity.