Apr. 21, 2022
To whom it may concern This rule suggests yet another difference between professionals and retail. We should all play by the same rules. To further my point: in the case of individual investors being liquidated, buys/sells would be done in the open marked and not in a SFT. One retail investor being liquidated would effect others as prices would increase or decrease (or it should, but you know… darkpools). Thats how open and free markets should work. And the same rules should apply to professionals. «Lastly, NSCC would use its risk management resources to provide confidence to market participants» In hindsight the NSCC risk management resources should have been spent in our current rule set. Participants confidence is allready close to zero. On another note: Market participants would not need any extra provided confidence if the markets where transparent. This rule, as I read it, obscures the market and gives professionals with more insight an advantage. I urge you not to let this rule pass. Excuse my typos. Regards Chris, Individual retail investor.