In The News

Healthy Markets Advocates for Changes to SEC’s Order Handling Rule Reforms

By Healthy Markets / December 17, 2018

Healthy Markets, a financial markets consultancy, shared with Traders Magazine its latest comment letter on recent Order Handling Rule reforms. The consultancy believes the current reform package could have negative effects on smaller firms and brokers and proposes changes of its own. Full Story.

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Ending Electronic Gluttony: Exchange management Firms And Electronic Trading

By Healthy Markets / December 13, 2018

Many industry participants accuse the exchange management firms of a conflict of interest, due to their for-profit status. There are two ways to end the serial abuse of stock market participants by the three remaining exchange management firms dominating equities trading: Intercontinental Exchange Inc., Nasdaq Inc., and Chicago Board Options Exchange. SEC Commissioner Robert Jackson […]

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Buy-side Dips Toes in Alt Data

By Healthy Markets / December 13, 2018

For firms that are expanding their alt-data usage, it’s worth noting that the U.S. Securities and Exchange Commission is looking more closely at vendor management and oversight, which would extend to how data is procured. That’s according to Tyler Gellasch, Executive Director of the Healthy Markets Association. “If certain information is valuable to you, it […]

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Uncertain fate shadowing long-term exchange

By Healthy Markets / December 10, 2018

Pension funds and other institutional investors welcomed the original concept of a long-term, investor-focused stock exchange, but LTSE’s current application offers few details, said Tyler Gellasch, executive director of Healthy Markets, an investor-focused non-profit organization in Washington whose members include many pension funds. “LTSE was initially billed as improving listing standards to the benefit of long-term […]

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SEC Won’t Release ‘Speed Bump’ Study It Promised Two Years Ago

By Healthy Markets / October 24, 2018

October 24, 2018 – “Without more guidance from the SEC, it’s hard for exchanges to know if they’re making the right choice by introducing speed bumps”, according to Tyler Gellasch, executive director of Healthy Markets Association, which represents large investors. “This looks like it may have some of that information,” he said of the SEC’s […]

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Robinhood Gets Almost Half Its Revenue in Controversial Bargin with High Speed Traders

By Healthy Markets / October 15, 2018

Whatever the impact on consumers, some believe payments for order flow may not be a sustainable revenue source for Robinhood, thanks to regulatory pressures and consumer ire. “Robinhood’s revenue model could easily disappear,” said Tyler Gellasch, executive director of Healthy Markets, an investor advocacy group. “They’ve made it clear that they are comfortable living on […]

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Judge Rules Class-Action Lawsuit Against TD Ameritrade Can Proceed

By Healthy Markets / September 21, 2018

September 21, 2018 –  A federal judge in Nebraska ruled a class action lawsuit could proceed against TD Ameritrade Holding Corp citing serious and credible allegations of securities fraud stemming from the company’s order routing practices. “Are they routing orders in ways that give their customers the best prices, or make them the biggest profits?” […]

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SEC Push to Expand Access to Private Offerings Invites Risk

By Healthy Markets / September 11, 2018

September 11, 2018 –  Tyler Gellasch comments on an expected proposal by the U.S. Securities and Exchange Commission that would expand who can participate in private securities offerings could modernize decades-old standards that bar many investors from access. More.

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House OKs financial regulatory relief bill

By Healthy Markets / July 17, 2018

July 17, 2018 – In a story about the financial regulatory relief bill, Tyler Gellasch, Executive Director of Healthy Markets Association, suggested it “could run counter to the larger goal of reversing the decline in initial public offerings. ”I suspect we won’t see an uptick in IPOs, but we will see greater costs and risks for […]

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NYSE Opposition to Trading-Fee Review Puts Companies and Some Shareholders at Odds

By Healthy Markets / July 11, 2018

The New York Stock Exchange is stirring tension between some of its big listed companies and their largest investors over regulators’ efforts to study the controversial practice of assigning fees and rebates to stock trades. Read more in the Wall Street Journal.

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