In The News

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

March 3, 2016

Continue reading via Politico here

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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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