Tyler Gellasch, a former SEC lawyer who now leads an industry trade group, said he didn’t think the letter would dissuade the commission from launching the experiment. “It’s aggressive, but they are basically trying to buy time,” said Mr. Gellasch, who leads the Healthy Markets Association. “An extended maker-taker pilot program could threaten their competitiveness […]

“Separately shopping for research and trading will significantly reduce investors’ costs,” said Tyler Gellasch, executive director of the Healthy Markets Association, a nonprofit organization focused on improving the integrity of the nation’s financial markets. “That directly translates to higher returns and more money for retirees and college savings funds.” For the rest of The New York […]

“It’s understandable that some very large firms that provide research and trading would want to preserve a cash cow,” said Tyler Gellasch, who runs the Healthy Markets Association, whose members include the California Public Employees’ Retirement System and Janus Henderson Group Plc. “What I don’t necessarily understand is how anyone could think that it’s good policy to […]

Ms. Blass has the chops to navigate a controversial rulemaking like fiduciary duty, according to Tyler Gellasch, executive director of the Healthy Markets Association and a former counsel to SEC Commissioner Kara Stein. “Directing the staff is only part of the job; it’s also about working with the commissioners to find consensus,” Mr. Gellasch said. […]

“Just by the number of meetings they have been having and the discussions, there are signs that this is not a knee-jerk, ideological report but a much more thoughtful and carefully measured study and recommendations,” he said. “They were very careful not to tip their hand as to one side of things or the other. […]

“It’s not surprising that the funding structure is under scrutiny,” said Tyler Gellasch, a former SEC official who’s now at the Healthy Markets Association, a market-structure advisory group with members including OppenheimerFunds and Janus Capital Group. “It is surprising that it’s taken this long for the SEC to show any inclination that it appreciates the conflicts of […]

“Its structure is very unusual in retail trading,” said Tyler Gellasch, executive director of the Healthy Markets Association and a former SEC counsel. “I would expect regulators might have a lot of questions about how the firm manages its conflicts of interest.” Source: https://www.bloomberg.com/news/articles/2017-04-20/dark-pool-for-college-kids-startup-bets-on-an-unusual-market

“Many are waking up now to the reality that two Democratic commissioners at two little regulators may stand in the way,” said Tyler Gellasch, a former aide to Stein who’s now executive director of the Healthy Markets Association, whose members include mutual funds and other large investors. “They don’t get to write the rule, but […]

Healthy Markets Association Executive Director, Tyler Gellasch discusses latest efforts the association has undertaken with its Broker/Dealer questionnaire in this Markets Media article available here.

Amazon.com Inc., which last month missed out on helping build a database to track more than 50 billion U.S. stock orders a day, just got a consolation prize: a smaller version of the project for academics. The Healthy Markets Association is developing a tool to examine stock trading with Amazon Web Services, the Seattle-based company’s […]