Deals
‘Dark Pool’ Trading Platforms LeveL ATS and Luminex Set to Merge
- Deal will bring buy-side, sell-side trading venues together
- Shareholders include Nasdaq, BofA, JPMorgan, BlackRock, Citi
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Off-exchange trading venues LeveL ATS and Luminex Trading & Analytics agreed to merge in a deal that brings together their buy-side and sell-side investor networks.
LeveL ATS, an equity-trading platform for sell-side investors, and Luminex, a block-trading venue built and owned by the buy-side community, will continue to operate as separate trading systems but under one broker-dealer system, according to executives for the two Boston-based companies.