The Security Traders Association (“STA”) appreciates the opportunity to offer comments on the Securities and Exchange Commission (“Commission” or “SEC”) proposed rule on Disclosure of Order Handling Information; File No. S7-14-16 (the “Proposal”). The Proposal seeks to amend Rules 600 and 606 of Regulation National Market System (“Regulation NMS”) under the Securities Exchange Act of 1934 (“Exchange Act”) to require new and additional disclosures by broker-dealers to retail and institutional customers about the routing of their orders. The Proposal would require broker dealers to disclose routing and execution information upon request from its customers and to also make certain reports publically available. In addition to representing the interests of our members on matters relating to the Proposal, STA is also a member of the Financial Information Forum (“FIF”) Rule 605/Rule 606 Working Group and supports many of the recommendations found in their letter.

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