In The News

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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SEC action on ‘maker-taker’ awaits advisory panel recommendation, official says

March 3, 2016

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Pensions and Investments: SEC rules could cut number of alternative trading systems

January 26, 2016

The additional information available for public view will spur some traders to be more selective in choosing which ATS to use, said Tyler Gellasch, executive director, Healthy Markets Association, Washington, a non-profit group of money managers focusing on issues such as transparency and best execution at ATS and dark pools. “Enhanced disclosures will indirectly mean […]

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TabbForum Editorial: What Is an Exchange?

January 26, 2016

Exchanges’ roles in our market structure have devolved so much so in recent years that when the SEC put together its Equity Market Structure Advisory Committee last year, it didn’t even bother to include the NYSE and Nasdaq. In an effort to restore their market share and role in the markets, exchanges have been looking […]

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Prominent Law Professors James Cox and J. Robert Brown Join Board of Healthy Markets Association

January 6, 2016

Healthy Markets Association today announced that Professors James Cox and J. Robert Brown, Jr. have joined its Board of Directors. Professors Cox and Brown, who are joining the Association as disinterested directors, will be providing strategic guidance and subject matter expertise to the Board and the executive team. The addition of Cox and Brown comes […]

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Crains Chicago Business: Citadel wants to shape the rules of the game

December 10, 2015

“Clearly, there’s a lot that needs to be done that has not been done,” says Chris Nagy, a consultant at Kor Group in Omaha, Neb., who works with the nonprofit Healthy Markets Association. http://www.chicagobusiness.com/article/20151205/ISSUE01/312059991/citadel-wants-to-shape-the-rules-of-the-game

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WSJ: Regulators Propose Rules to Shed Light on Dark Pools

November 18, 2015

Tyler Gellasch, executive director of the Healthy Markets Association, an investor-focused trade group, said updating regulation covering alternative trading sites is a sorely needed step. “Antiquated rules and variations in operations and disclosures by trading venues have made it nearly impossible for investors and brokers to understand how their orders are handled and how their trades […]

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Bloomberg: Dark Pools Face SEC Plan to Shine Light on Their Operations

November 17, 2015

“For the operators this is an opportunity to finally come clean about what’s going on in the pools,” said Dave Lauer, chairman of Healthy Markets Association, an advocacy group whose members include Janus Capital Group Inc. and Boston Company Asset Management LLC. “Some have been very transparent, and some haven’t been at all.” … It […]

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Bloomberg BNA: Obama Picks Ex-Senate Aide, Professor to Be SEC Commissioners

October 21, 2015

“I would expect both nominations to be very favorably viewed by both the Banking Committee and the Senate overall,” said Tyler Gellasch, a former Democratic Senate aide who leads Healthy Markets, a non-profit group that advocates for equity market structure changes. https://bol.bna.com/obama-picks-ex-senate-aide-professor-to-be-sec-commissioners/

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PoliticoPro: Critics fault makeup of SEC’s market structure committee

October 21, 2015

But a group of five investment firms today criticized the SEC for the composition of the committee and for allegedly dictating its work. “The SEC has failed to populate the Committee in a manner that would provide the most constructive assistance to it,” said the group’s executive director Tyler Gellasch, a former SEC staffer, in […]

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