“Ethical Markets is a partner of Healthy Markets and we encourage you to read their important new report.
~Hazel Henderson, Editor.”
Healthy Markets Announces Release of Report: US Equity Market Data: How Conflicts of Interest Overwhelm an Outdated Regulatory Model and Market Participants
We write to announce that today, the Healthy Markets Association released our newest report, US Equity Market Data: How Conflicts of Interest Overwhelm an Outdated Regulatory Model and Market Participants.
We all know that market data is too complicated, too expensive, and too rife with conflicts of interest. Healthy Markets’ 80-page report provides a comprehensive review of the regulatory framework, uses, and costs for both public and private US equity market data. Not surprisingly, we find that basic conflicts of interest and a lax regulatory regime has allowed for-profit exchanges to exploit their essential role in the market infrastructure to add complexity and costs to a broad swath of market participants.
We examine the purpose behind the government-mandated, government-sanctioned private taxes on market participants and detail how participants may be forced to pay hundreds of thousands of dollars per month for the privilege to access essential market information. Based on the findings detailed in the Report, Healthy Markets offers 14 recommendations that regulators could take to improve the regulation and oversight of market data.
The US Equity Market Data Report was released to Healthy Markets’ Members and is available for purchase by non-Members on Healthy Markets’ website.
For any questions or comments, or to learn more about Healthy Markets, please feel free to send us an email at [email protected].
About Healthy Markets Association
Healthy Markets is an investor-focused not-for-profit coalition looking to educate market participants and promote data-driven reforms to market structure challenges. Our members, who range from a few billion to hundreds of billions of dollars in AUM, have come together behind one basic principle: Informed investors and policymakers are essential for healthy capital markets.
Since Healthy Markets’ launch in September 2015, it has expanded to include both pension plans and investment advisers, that include Brandes Investment Partners, California Public Employees Retirement System, Janus Henderson, Macquarie Investment Management, OppenheimerFunds, Ontario Municipal Employees Retirement System, PSP Investments, Quantitative Investment Management, Southeastern Asset Management, and The Boston Company Asset Management. Healthy Markets’ Working Group Members, who are invited by the Members to assist with supporting the mission of the organization, include Clearpool, IEX, Jefferies, Liquidnet, and MayStreet.
Healthy Markets can be found online at healthymarkets.org.