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Nasdaq Acquires Significant Minority Stake in LeveL ATS, an Independently Operated US Equity Dark Pool Trading Venue

Nasdaq Acquires Significant Minority Stake in LeveL ATS, an Independently Operated US Equity Dark Pool Trading Venue
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Nasdaq Buys Stake in LeveL ATS  - Traders Magazine


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Nasdaq and LeveL ATS  announced Nasdaq has acquired a significant minority stake in LeveL ATS, a leading, independently operated US Equity Dark Pool trading venue. Through this investment, Nasdaq joins owners including Bank of America, Citi, and Fidelity. The terms of the transaction were not disclosed.
“As one of the most innovative and well recognized broker-neutral trading platforms across US equities, LeveL has demonstrated the ability to consistently meet the evolving needs of investors and serve as an important source of liquidity for its members,” said Tal Cohen, Executive Vice President and Head of North American Markets, Nasdaq. “We are pleased to join several leading sell-side firms to build on LeveL’s suite of products and current market position.” ....

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