#USHouseMarketStructureDraft Breaking Down the #USHouseMarketStructureDraft đ¨**
The U.S. House Committee on Financial Services has released a new discussion draft on market structure reformsâpotentially the biggest shake-up in decades for equities trading. Hereâs what you need to know:
đš **Key Proposals**:
- **Order-by-Order Competition**: Mandating auctions for retail orders (similar to SECâs Rule 605 updates).
- **Payment-for-Order Flow (PFOF) Restrictions**: Could limit or ban this controversial practice.
- **Dark Pool Reforms**: Increased transparency for off-exchange trading.
- **SEC Oversight Expansion**: More authority to regulate market makers and ATSs.
đš **Why It Matters**:
This could reshape how retail investors trade, alter broker revenue models (think Robinhood, Citadel Securities), and redefine market liquidity. Critics warn of unintended consequences; advocates say it levels the playing field.
đš **Whatâs Next?**
The draft is open for feedback before formal legislation. Will it bridge partisan divides? How will the Senate respond?
**đ Your take?**
- Bullish on fairness or bearish on disruption?
- How would this impact your trading strategy?
#MarketStructure #StockMarket #Trading #Finance #RetailInvesting