jergy
Dave! It's so awesome to see you here on mastodon. Thanks for everything you do, keep it up!!! I support everything you're doing.
Dave LauerToday the SEC proposed the most significant changes to US market structure since Regulation NMS was passed, in 2005. These proposals incorporate many of the ideas that we - We The Investors - presented to the SEC earlier and repeatedly this year.
#WeTheInvestors have had a significant impact on the SEC’s actions - through our dialogue, our proposals, and our presence. These rule proposals are the culmination of those efforts.
Overall this is a very exciting time to be involved in market structure, and to play a role in helping to shape these rules. #WeTheInvestors will put together material covering the details, and will be leading a comment letter campaign.
If you're interested in participating, you can join us by signing up on our main page: http://urvin.finance/advocacy
Or by signing our most recent sign-on letter focused on FTDs, DRS, stock loan and settlement/clearing: https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2
For tick sizes (currently 1 penny on exchange), I hope they'll take it down to half a penny for tick-constrained names, and either leave alone the other names or widen increments. This is an area I expect #WeTheInvestors to focus on in our comment letter. The other two changes will be to improve the NBBO (include odd lots and other similar changes) and accelerate some of the market data reforms that have already been approved. These are both important and valuable changes.