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LeveL ATS talks up rising market share

16 July 2007  |  1909 views  |  0 Source: LeveL ATS

LeveL ATS, which launched in late 2006, continues to grab market share executing 30 million shares on July 13.

LeveL has been consistently averaging over 400 million shares of liquidity flowing through its system with notable price improvement statistics.

"LeveL continues to grow at a rapid pace because of its ability to deliver a unique combination of sophisticated technology and innovative solutions," said Whit Conary, President of LeveL ATS. "We continue to increase our client base as our price improvement statistics and amount of diverse liquidity makes LeveL a top destination for its participants."

LeveL is a dark pool ATS, which provides non-displayed, off-exchange liquidity. Dark pools have continued to grow in popularity with the increase in electronic trading and associated challenges for institutional traders executing their block trades. LeveL is a sophisticated order-matching engine that uses highly customizable technology. It delivers an advanced tool kit including an open API for integration with algorithm suites and other types of automated trading.

"The ATS framework continues to provide a powerful solution for those looking to access dark liquidity pools for algorithmic trading," said Jose Marques, Director at Credit Suisse. "LeveL has proven its value with its enhanced execution quality and substantial reduction in participating firms' operating expenses."

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