03.03.2022

LeveL ATS, Luminex Complete Merger

03.03.2022
Deutsche Borse-LSE Merger in Focus

LeveL ATS, a leading, independently operated US equity dark pool trading venue for the sell-side, and Luminex Trading & Analytics, a block trading venue built for the buy-side, announced the completion of their merger.

As part of the close, LeveL ATS CEO Whit Conary was named Chief Executive Officer of the newly combined entity. LeveL and Luminex will continue operating as two separate alternative trading systems (ATS) under one broker-dealer.

In addition to the CEO appointment, as part of the transaction, the Company announced the newly expanded leadership team naming Stephen R. Miele Jr. as Chief Strategy Officer; John F. Linares as General Counsel and Corporate Secretary; James C. Dolan as Chief Compliance Officer; David Hagen as Chief Product Officer; and Michael Stupay as Chief Financial Officer.

“The completion of our merger is an important step in our growth trajectory and continued corporate development. I am excited about the new opportunities this strategic combination will allow us to bring to the trading process,” said Whit Conary, Chief Executive Officer of the newly combined LeveL ATS and Luminex. “We are determined to bring our buy and sell side clients an innovative platform with deep liquidity, unmatched market access, and quality service. As we look to the future, we are well-positioned for ongoing technological and trading expansion to best support our customers’ market needs,” Conary added.

The closing transaction was led by the investment banking team at Rosenblatt Securities as its exclusive financial advisor and WilmerHale, Schulte Roth & Zabel, and Ropes & Gray LLP as its legal advisors.

Source: LeveL ATS

Related articles

  1. It is the first liquidity-seeking algorithm on Atlas, the equities trading platform introduced in 2019.

  2. SEC 'Dark' Proposals Assessed

    With Zoe Zhang and Richard Knight, Execution Quant Group, CLSA

  3. APAC buy-side traders are increasingly requesting the conditional order type.

  4. Recent downturn has shifted market from retail-heavy participation to more systematic/quant influence.

  5. FCMs Promote Algorithmic Trading

    The new capability allows pre-market block trading at the full day VWAP price.