LeveL Markets, LLC, a U.S. registered broker-dealer and the operator of the LeveL and the Luminex Alternative Trading Systems, and Nasdaq Canada, announced a connectivity partnership that will provide customers on the Luminex ATS with access to Nasdaq Canada’s CXD trading book. As part of the agreement, Luminex leveraged its trading functionality and created integrated access to Nasdaq Canada’s CXD trading book, which will enable its customers to easily connect to Canadian marketplace liquidity pools.

Luminex, owned and operated by LeveL Markets, has been a trusted source of natural block liquidity for its buy-side only user base for nearly a decade. Its intuitive trading application provides traders the optionality they need to efficiently source unique liquidity while retaining alpha and minimizing information leakage. Nasdaq’s CXD trading book will provide an alternative source of non-displayed liquidity, facilitating robust size discovery and price improvement opportunities. The new trading types that will be included as part of the CXD trading book are subject to regulatory approval.

Steve Miele, CEO of LeveL Markets, commented, “Our partnership with Nasdaq Canada underscores the growing demand for seamless integration with advanced trading ecosystems that help amplify customer trading strategies. Our intuitive and customizable execution experience has resonated globally, and we are excited with our expansion to allow Luminex customers to access the Canadian marketplace. This collaboration not only enhances equities access for the buy-side and sell-side participants but also marks an important step in our global growth strategy. We see this as one of many opportunities to grow our reach and deliver innovative trading solutions to new customer segments worldwide.”

“Partnering with LeveL Markets allows us to deliver smarter access to liquidity through seamless technology integration. This collaboration strengthens Nasdaq Canada’s role in connecting global participants to our market and reinforces our commitment to advancing the competitiveness of Canada’s trading ecosystem,” said Dan Kessous, CEO of Nasdaq Canada.

Source: LeveL Markets