HMA In the News

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 […]

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 […]

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/

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 […]

New York Times: Solution Without a Problem? A Tax on High-Frequency Trading

October 13, 2015

David Lauer, a co-founder of the Healthy Markets Association — an advocacy group that has been critical of high-frequency traders — said that while the automation and race for speed in the stock market had generally been a good thing for ordinary investors, it had turned into an arms race with little societal benefit. But […]

Pensions and Investments: Managers join together to boost trading transparency

October 5, 2015

“Our members’ mission is clear: How can we get a better look at how we trade?” said Tyler Gellasch, executive director of the Healthy Markets Association, Washington, a non-profit group of money managers. “We are here because our members want a strong voice on market structure. Some others want the status quo; that’s not who […]

Traders Magazine: Healthy Markets Says SEC Not Doing Enough to Lighten Dark Pools

September 17, 2015

“Dark pools need to lighten up – literally, according to Healthy Markets Association.” https://www.tradersmagazine.com/news/crossing_networks/healthy-markets-says-sec-not-doing-enough-to-lighten-dark-pools-114414-1.html

Pensions and Investments: Money manager group calls for more transparency, disclosure by dark pools

September 17, 2015

A report by a trading group comprising five money managers called on dark-pool operators to improve transparency and disclosure, avoid conflicts of interest and update their best-execution policies. https://www.pionline.com/article/20150917/ONLINE/150919900/money-manager-group-calls-for-more-transparency-disclosure-by-dark-pools

SIFMA SmartBrief: Asset managers work on dark-pool standards

September 16, 2015

Janus Capital Group, Brandes Investment Partners and other asset managers have teamed up to develop standards for dark pools and to encourage policymakers to implement measures protecting investors. “Dark pools are essential for today’s market structure,” said Tyler Gellasch, head of the Healthy Markets Association. “The problem is too many of them are black boxes.” […]

Reuters: Rules for ‘dark pool’ trading need strengthening: report

September 15, 2015

https://www.businessinsider.com/r-rules-for-dark-pool-trading-need-strengthening-report-2015-9