Sterling Financial Systems connects to LeveL ATS dark pool

Source: LeveL ATS

LeveL ATS announced today Sterling Financial Systems has connected to its "dark pool" alternative trading system.

Sterling Financial Systems, Inc. is a full service order routing and management center built to support the direct access trading needs of professional traders.

"LeveL is excited to have Sterling as a point of connectivity to access our large, diverse and centralized pool of liquidity," said Whit Conary, president of LeveL ATS. "Partners like Sterling, which provide a customizable and robust system for order delivery, help expand the universe of customers that can participate in LeveL."

LeveL integrates over thirty-seven broker-dealers to a single location and continues to see record growth month after month. Driven by low cost pricing and a low latency, highly stable platform, LeveL has become a leading source for non-displayed liquidity. Block trades have the opportunity to be seamlessly executed in a fast and efficient manner while minimizing information leakage and market impact.

"Sterling Financial Systems, Inc. has remained on the cutting edge of trading software technologies for almost 10 years, and we look forward to combining these strengths with the powerful dark book liquidity solutions of LeveL ATS," said Steve Sierszulski, Sterling CEO. "We are confident that this dynamic partnership will result in very attractive and cost effective trading solutions for customers."

Sterling Financial Systems is a broker neutral service bureau where access to the marketplace is tailored to the clients needs while maintaining the existing clearing, execution, and processing relationships the client already has in place. The client decides which order routing and processing methods are to be used; the client can choose from available connections or have custom routes created.

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