In The News

Market Data and Trading Costs

November 8, 2019

Markets Media – In a story about market data costs, Healthy Markets Executive Director Tyler Gellasch is quote as saying “As exchange data is a fixed cost for all market participants, the highest-volume banks and market makers end up trading for low cost or no cost, while smaller firms subsidize the largest firms and may […]

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Debate Rages Over SEC’s Plans to Ease Accredited Investor Rules

November 8, 2019

Financial Advisor IQ – In a story about the recent Investor Advisory Committee meeting that Healthy Markets Executive Director Tyler Gellasch testified before, Financial Advisor cites to him saying “the idea that these exemptions [discussed in the SEC concept paper] maintain investor protection is laughable.” (Full Story).

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Healthy Markets Association Announces Appointment of Amy McGarrity to its Board, and Thanks Stuart George for his Service

November 6, 2019

Today, the Healthy Markets Association announced the appointment of Amy McGarrity to its Board of Directors. Ms. McGarrity serves as the Chief Investment Officer of Colorado PERA, a member of Healthy Markets. “Amy is a powerful voice for pensioners,” said Tyler Gellasch, Executive Director of Healthy Markets. “We welcome her expertise and perspective, as we […]

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New custodian to tackle transparency for $1

October 31, 2019

Financial Planning – In a story about custody, Healthy Markets Executive Director Tyler Gellasch is quoted saying “I suspect smaller RIAs will welcome competition, but the incumbents offer a lot more than just custody and trading services, and they’ve been doing this a long time.” Gellasch also said “Thousands of physics and engineering Ph.D.s have spent […]

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Tiny ‘Odd Lot’ Trades Reach Record Share of U.S. Stock Market

October 22, 2019

Wall Street Journal – In a story about odd lot trades accounting for more than 50% of all stock market trades, Healthy Markets Executive Director Tyler Gellasch is quoted saying ““Odd lots are a huge part of the markets,” Excluding odd-lot orders from the SIP and best execution statistics misleads customers into thinking they are […]

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US Regulators Take Closer Look at Exchanges Data Fees

October 21, 2019

Financial Times – In an article about exchange market data fees, Healthy Markets Executive Director Tyler Gellasch is quoted as saying “the exchanges’ dominant business model has shifted from making revenue from trading to making revenue from data.” (Full Story).

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Coinbase Chief Legal Officer responds to concerns about Crypto Rating Council

October 3, 2019

The Block – In a story about the Crypto Ratings Council Tyler Gellasch, executive director at Healthy Markets and previous counsel to SEC Commissioner Kara M. Stein, said it can be murky. The Council may be leaving itself open to considerable risk. “There’s a lot of complex rules around those types of things, but yet […]

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Coinbase’s Chief Legal Counsel Tackles Crypto Ratings Concerns

October 3, 2019

Coin Telegraph – In a story about a newly formed Crypto Rating Council, Tyler Gellasch Executive Director of Healthy Markets is quoted saying “Council members may themselves have a stake in the assets they are evaluating, potentially compromising their assessment”.  Mr. Gellasch further states that: “A group of private companies jointly declaring how they think […]

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Schwab and TD Ameritrade brace for revenue cuts after dropping commissions

October 2, 2019

Financial Planning – In a story about Schwab and TD Ameritrade cutting commission costs to zero, Healthy Markets Executive Director Tyler Gellasch is quoted in the article stating “Robinhood and other brokers have proven that it’s a great sales practice to label trading as ‘free,’ even when we all know the money has to come from […]

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MiFID II in the US: firms explore research unbundling options

August 29, 2019

Practice Insight – In an article abour research unbundling, Healthy Markets Executive Director Tyler Gellasch is quoted as saying: “If the SEC clarifies what its CSA means and who can accept payment from it then they are removing a regulatory burden, but that does not mean that large banks won’t compel firms to keep trading with them in […]

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