In The News

Barron’s January 11, 2019 — Healthy Markets Executive Director Tyler Gellasch was quoted saying that MEMX would “learn a lot more details about how much money the exchanges are making and where” – “They could make use of that information to hammer the exchanges on fees.” (Full Story)

Traders Magazine December 17, 2018 — Healthy Markets shared with Traders Magazine a 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.

Seeking Alpha 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 […]

Traders Magazine 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 […]

Pensions & Investments 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 […]

Wall Street Journal 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 […]

Bloomberg 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 […]

Wall Street Journal 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 […]

Law 360 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. (Full Story)

Washington Examiner 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 […]