“It’s not surprising that the funding structure is under scrutiny,” said Tyler Gellasch, a former SEC official who’s now at the Healthy Markets Association, a market-structure advisory group with members including OppenheimerFunds and Janus Capital Group. “It is surprising that it’s taken this long for the SEC to show any inclination that it appreciates the conflicts of […]
“Its structure is very unusual in retail trading,” said Tyler Gellasch, executive director of the Healthy Markets Association and a former SEC counsel. “I would expect regulators might have a lot of questions about how the firm manages its conflicts of interest.” Source: https://www.bloomberg.com/news/articles/2017-04-20/dark-pool-for-college-kids-startup-bets-on-an-unusual-market
“Many are waking up now to the reality that two Democratic commissioners at two little regulators may stand in the way,” said Tyler Gellasch, a former aide to Stein who’s now executive director of the Healthy Markets Association, whose members include mutual funds and other large investors. “They don’t get to write the rule, but […]
Healthy Markets Association Executive Director, Tyler Gellasch discusses latest efforts the association has undertaken with its Broker/Dealer questionnaire in this Markets Media article available here.
Amazon.com Inc., which last month missed out on helping build a database to track more than 50 billion U.S. stock orders a day, just got a consolation prize: a smaller version of the project for academics. The Healthy Markets Association is developing a tool to examine stock trading with Amazon Web Services, the Seattle-based company’s […]
Today, the Healthy Markets Association, an investor-focused not-for-profit coalition focused on improving the capital markets, announced the addition of three new members, as well as the launch of its groundbreaking Market Analytics Platform. The platform, which is a project of the Healthy Markets Research Institute (HMRI), is expected to be operational in Q2 2017. Healthy […]
Healthy Markets Executive Director Tyler Gellasch discusses improved ATS-N disclosures in Pension & Investments available here.
Healthy Markets Executive Director Tyler Gellasch discusses the current state of the Consolidated Audit Trail system in this Financial Times article available here.
The Healthy Markets Association, an industry organization focused on market transparency and integrity, has released an order-routing due-diligence checklist. The 200-item questionnaire, which is available to members and non-members, spans issues that include general firm information, technology, order-routing strategies, venue monitoring, conflict and leakage, third-party relationships, as well as treatment of non-directed orders. Continue reading […]
In recent years, Congressional hearings, best-selling books, press reports, and regulatory investigations have shined a spotlight on brokers’ order routing practices. As a result, investors are increasingly questioning and seeking to better understand how their orders are routed and executed. At the same time, regulators are looking to empower investors with more information, including through […]