The release of the #USHouseMarketStructureDraft has sparked widespread discussion across financial and regulatory circles. Aimed at reforming how U.S. equity markets operate, the draft proposal could significantly impact trading transparency, competition, and the role of wholesalers and exchanges.

Key issues on the table include:

Order routing transparency – Increasing scrutiny on how retail orders are handled.

Tick size reform – Potential adjustments that could affect liquidity and execution quality.

Best execution rules – Stricter standards for brokers to prove they're acting in their clients’ best interests.