April 20, 2022
This change will allow a new system in which retail gets screwed over. It protects large institutions who make poor decisions in the market and want time to cover themselves. In the name of liquidity, we sacrifice time honored trusted markets and create sophisticated IOUs to protect larger institutions. This needs to be tossed out entirely. Why is this rule even needed? Who is to gain the most from something like this? Who gets to participate and does it create an even playing field? this is extremely one-sided.