“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 […]

Healthy Markets Executive Director Tyler Gellasch discusses improved ATS-N disclosures in Pension & Investments available here.

Healthy Markets Executive Director Tyler Gellasch discusses the current state of the Consolidated Audit Trail system in this Financial Times article available here.

The Healthy Markets Association, an industry organization focused on market transparency and integrity, has released an order-routing due-diligence checklist. The 200-item questionnaire, which is available to members and non-members, spans issues that include general firm information, technology, order-routing strategies, venue monitoring, conflict and leakage, third-party relationships, as well as treatment of non-directed orders. Continue reading […]

“IEX has the potential to greatly improve equity trading, but the proof will be in the prints,” says Tyler Gellasch, executive director of Healthy Markets, a non-profit group focused on market structure reform. “If IEX protects investors and reduces investors’ trading costs, then investors and brokers may flock to it, and other venues may recognise […]