To: President Donald Trump, The United States House of Representatives, and The United States Senate
Open stock market records
The stock market is run on secrecy. The buyers and sellers identity is hidden from everyone except the insiders. Openness is better for the retail traders who are taken advantage of by the professionals. I propose that this identifying data be displayed in all completed orders.
When a buyer or sellers order is bought by another market participant, the following data should be displayed for both the buyer and the seller; the sellers and buyers names, the stock broker's name, the brokerage company's name, the clearing firm name, the name of the cities where both orders originated from, the trading platform used, the time the orders were entered and completed.
All of this information is already available in the computer record of the stock market clearing firms. Including this data in the display on my home computer would enhance my ability to see who is manipulating the stock maket and in my humble opinion this would take some of the secrecy out of the stock market.
Why is this important?
The stock market is run on secrecy. The buyers and sellers identity is hidden from everyone except the insiders. Openness is better for the retail traders who are taken advantage of by the professionals. I propose that this identifying data be displayed in all completed orders.
When a buyer or sellers order is bought by another market participant, the following data should be displayed for both the buyer and the seller;
the sellers and buyers names,
the stock broker's name,
the brokerage company's name,
the clearing firm name,
the name of the cities where both orders originated,
the trading platforms used,
the time the orders were entered and completed.
All of this information is already available in the computer record of the stock market clearing firms.
Including this data in the display on my home computer would enhance my ability to see who is manipulating the stock maket.
In my humble opinion displaying the buyer and seller names would take some of the secrecy out of the stock market.