Nasdaq To Acquire U.S. Trading Venue LeveL Markets, Expands Digital Liquidity Push
(RTTNews) - Nasdaq, Inc. (NDAQ) on Tuesday said it has agreed to buy LeveL Markets, one of the largest U.S. Alternative Trading Systems (ATS), as part of its strategy to build "always-on" markets. Terms of the transaction were not disclosed.
(RTTNews) - Nasdaq, Inc. (NDAQ) on Tuesday said it has agreed to buy LeveL Markets, one of the largest U.S. Alternative Trading Systems (ATS), as part of its strategy to build "always-on" markets. Terms of the transaction were not disclosed.
BELLINGS Intelligence Score: 38
Why it matters
Nasdaq's acquisition of LeveL Markets, a major U.S. ATS, represents notable market activity with potential implications for digital liquidity and market structure, but it is a corporate expansion rather than a systemic or regulatory event.
Sources
Nasdaq
Nasdaq To Acquire U.S. Trading Venue LeveL Markets, Expands Digital Liquidity Push
(RTTNews) - Nasdaq, Inc. (NDAQ) on Tuesday said it has agreed to buy LeveL Markets, one of the largest U.S. Alternative Trading Systems (ATS), as part of its strategy to build "always-on" markets. Terms of the transaction were not disclosed.
Finextra
Nasdaq to buy ATS LeveL Markets
Exchange operator Nasdaq has reached a deal to buy Alternative Trading System (ATS) LeveL Markets. Terms were not disclosed.