In The News

High speed stock trades face big test as SEC nears crucial IEX vote

June 14, 2016

“The SEC has increasingly allowed for-profit exchanges to engage in activities to benefit their bottom lines,” said Tyler Gellasch, a former Democratic SEC staffer who is now head of a trade group for asset managers. “The IEX application is forcing the SEC to look at what it allows exchanges to do, and justify why all […]

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Silicon Valley’s Audacious Plan to Create a New Stock Exchange

June 12, 2016

“Any time an exchange wants to do something significantly different, it’s likely to come under a lot of scrutiny and take a long time,” said Tyler Gellasch, executive director of investor trade group Healthy Markets. Continue reading on Bloomberg

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Healthy Markets Releases Comprehensive ATS Risk Assessment

June 9, 2016

NEW YORK, NY (PRWEB) JUNE 09, 2016 Healthy Markets Association today announces the release of its groundbreaking 2016 ATS Risk Assessment covering 18 of the leading US equity alternative trading systems (ATSs). Collectively, these ATSs comprise 88% of ATS trading. This 173 page Report, which is the first of its kind, answers key questions for investors […]

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SEC Proposes Design of New Audit System to Better Catch Market Manipulation

April 28, 2016

“The blueprint adopted today will provide just a fraction of the information regulators need and investors deserve,” said Tyler Gellasch, a former aide to Ms. Stein who now runs the Healthy Markets Association, a group that advocates for the SEC to rely on better data to police trading. Continue reading via Wall Street Journal here

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IEX Foes, Allies Unite on One Point: A Millesecond Really Counts

April 25, 2016

“We hope the SEC realizes that it doesn’t have to go down this road to approve IEX,” said Tyler Gellasch, the executive director of Healthy Markets and a former SEC official. “I think most folks in the markets immediately recognized that the SEC’s proposal to approve all speed bumps under one millisecond would make the […]

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IEX’s ambitions to test SEC’s rules

March 29, 2016

“While the SEC’s interpretation seems to open the door for IEX, it may also open the door for enormous unintended consequences,” says Tyler Gellasch, executive director of Healthy Markets, a non-profit group focused on market structure reform. “Rather than just deciding one thing, they would be deciding a lot of very complicated issues. The minute […]

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Equity options market fears higher costs

March 16, 2016

Users of the US equity options market fear they face higher costs as the latest industry consolidation involving Nasdaq is not seen alleviating a fragmented landscape of trading venues. Continue reading via Financial Times here

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Healthy Markets publishes its latest edition of its groundbreaking Alternative Trading System, ATS Transparency Index

March 10, 2016

NEW YORK, NY (PRWEB) MARCH 10, 2016 On Thursday, Healthy Markets released its latest edition of its groundbreaking Alternative Trading System, ATS Transparency Index™. The ATS Transparency Index™, which is available freely to the public, was developed to help investors and routing brokers make sure they have a good understanding several aspects of an ATS, including: […]

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Dark Pool Settlements Spark calls for Greater Transparency

March 8, 2016

Institutional Investors have flocked to private trading venues to protect sensitive information, but new legal actions highlight the need for more regulation. Continue reading via Institutional Investor here

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PoliticoPro: Financial Services Whiteboard

March 4, 2016

“The most likely hangup with the SEC was their order router,” said Tyler Gellasch, a former SEC staffer. “Now that IEX has offered to revise its order router, which would arguably have given IEX a competitive advantage over other market centers, we suspect the odds of approval by the SEC to be very high,” said […]

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