Bloomberg – In a story about the SEC finalizing new rules for the stock market, Healthy Markets President and CEO Tyler Gellasch is quoted saying ““The system was so complex that most investors didn’t know the rebates and fees resulting from their trading for days or weeks after the trades,” Tyler Gellasch, president and chief executive officer of the Healthy Markets Association, said in an email. “By making that information known at the time of the trade, brokers can make better routing decisions, and investors can negotiate to have those costs and profits passed through.” Healthy Markets is a trade group that represents institutional investors including the California Public Employees’ Retirement System and smaller exchanges like Miami International Holdings. (Full Story).
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