In The News

Exchanges Face Higher Hurdles in Boosting Data Fees

May 21, 2019

WSJ – In an article about new SEC guidelines that will require more detailed disclosures from SRO’s, Healthy Markets Executive Director, Tyler Gellasch is quoted saying “It’s going to be very hard under the new framework to justify fee increases.” (Full Story).

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Flash Boys Exchange IEX Backs Regulator In Data Fees Fight

May 14, 2019

Financial Times – In a story about the IEX filing an Amicus Breif to the SEC regarding market data fees charged by NYSE and Nasdaq, Tyler Gellasch, Executive Director of Healthy Markets is quoted saying that “the filing from IEX introduces some potentially powerful facts”. Mr. Gellasch further states “it’s easy for the SEC to […]

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Rule 606 Update Nears

April 5, 2019

Markets Media April 5, 2019 – In an article about the upcoming Rule 606 disclosures, Healthy Markets Executive Director Tyler Gellasch is quoted saying “It’s not great as a comparison tool, nor does it help the markets writ large understand the conflicts of interest that the brokers face.”  Gellasch also said “The other downside is, […]

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SEC Puts Transaction Fee Pilot on Hold During Court Challenges

March 29, 2019

Pensions & Investments March 29, 2019 — Tyler Gellasch Executive Director of Healthy Markets was quoted in an article by Hazel Bradford of Pensions and Investments about the Transaction Fee Pilot. (Full Story)

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Investors and regulators need to focus on risks of benchmark-linked investments, report says

March 7, 2019

Pensions & Investments March 7, 2019 — In an article by Hazel Bradford of Pensions and Investments about the Healthy Markets Benchmark Report, Tyler Gellasch Executive Director of Healthy Markets “recommends that investors in these products conduct due diligence so they understand how the indexes work and the conflicts of interest.” (Full Story)

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Healthy Markets Association Releases New Report: Benchmark-Linked Investments: Managing Risks and Conflicts of Interest

March 7, 2019

PR Web On Thursday, March 7, 2019, the Healthy Markets Association released a ground-breaking report on improving oversight of benchmark-linked investments.  Millions of investors have placed trillions of dollars into investment products that are linked to benchmarks for interest rates, foreign exchange rates, equities prices, and countless other reference points. These benchmark-linked investment products range from […]

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Invesco, Wellington and Dodge & Cox eye global adoption of MiFID II

March 4, 2019

Financial Times March 4, 2019 – Healthy Markets Executive Director, Tyler Gellasch was quoted in the Financial Times regarding MiFID II. Mr. Gellasch said “Asset managers need to be able to shop separately for research and trading.” He said US fund groups felt they were at a disadvantage to their European peers, which have freedom […]

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Governance concerns still in focus as Long-Term Stock Exchange plans launch

March 4, 2019

S&P Global Intelligence March 4, 2019 – In an article about the Long Term Stock Exchange’s governanace plan, Healthy Markets Executive Director, Tyler Gellasch is quoted saying “There’s a big distinction between saying you want to help long-term investors and implementing policies and rules that would actually do that.” (Full Story).

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NYSE, Cboe, Nasdaq Move to Block SEC Transaction Fee Pilot Program

February 15, 2019

Pensions & Investments February 15, 2019 — Tyler Gellasch, Executive Director of the Healthy Markets Association,  responded to the three dominant stock exchanges’ suits against the SEC for the Transaction Fee Pilot by stating that “Having lots its battle with the SEC, NYSE is now appealing to the courts of public opinion and the federal […]

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SEC Commissioner Peirce Wants to Move Ahead on Advice Reform Quickly

February 12, 2019

InvestmentNews February 12, 2019 — Securities and Exchange Commission member Hester Peirce said Tuesday she wants the agency to complete investment advice reform soon, an indication that a rule could be coming by summer. As he pushes to finish the rule, Mr. Clayton is going to face “political risks and legal risks,” said Tyler Gellasch, executive […]

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