The #USHouseMarketStructureDraft presents a crucial opportunity to modernize our equity markets. While aiming for greater transparency and a level playing field is commendable, careful consideration of the potential impact on liquidity and innovation is essential.

A balanced approach that addresses genuine concerns around order execution and data access, without unduly burdening market participants or stifling competition, should be the priority. Robust debate and thorough analysis are necessary to ensure the final structure fosters efficiency and benefits all investors in the long run. Let's aim for thoughtful reform, not rushed overhauls.