#USHouseMarketStructureDraft

The #USHouseMarketStructureDraft is here — and it's making waves.

This draft legislation could significantly reshape how U.S. equity markets operate, aiming to boost transparency, increase competition, and protect retail investors. Key provisions include:

Order routing reforms to curb payment for order flow (PFOF).

Enhanced disclosures around market maker incentives.

Auction mechanisms for retail trades to improve price execution.

Supporters see it as a step toward fairer markets. Critics warn of unintended consequences for liquidity and innovation.