All day long FINRA reported executions trade at worse prices that hidden liquidity on the primary listing exchange.
No rational being in a fair world believes that FINRA is capable or willing to enforce the most rudimentary requirement of its members to seek best price before executing off exchange.
All FINRA members should be required to check primary listing lit liquidity before executing in the dark.
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Jared Albert Comment On Regulatory Notice 26-15
Dear FINRA:
All day long FINRA reported executions trade at worse prices that hidden liquidity on the primary listing exchange.
No rational being in a fair world believes that FINRA is capable or willing to enforce the most rudimentary requirement of its members to seek best price before executing off exchange.
All FINRA members should be required to check primary listing lit liquidity before executing in the dark.
Thank you for your attention to this matter.
Jared Albert