Linedata, the global solutions provider dedicated to the investment management and credit industries, today announced that a leading independent source of non-displayed liquidity in the marketplace, LeveL ATS, has joined its Linedata Liquidity Alliance Program.
This partnership enables all front office clients of Linedata Lynx to access LeveL ATS's deep pool of liquidity.
Linedata's Liquidity Alliance Program provides users of Linedata Longview, Linedata Beauchamp and Linedata Trader with seamless access to liquidity pools across all asset types, as well as to providers of value added services that enable clients to enhance their trading performance. The program allows Linedata to bring multiple trading and liquidity destinations, as well as tools offered by trusted value added solutions providers, to the Linedata product suite. With the addition of LeveL ATS to the Liquidity Alliance Program, Linedata now offers access to 33 algo providers and 8 dark pools. This world class connectivity through Linedata Lynx provides access to over 400 Brokers through 100+ venues.
LeveL ATS is a US Equity Dark Pool trading platform providing diverse liquidity and value added solutions to its clients through its customizable order types and client centric functionalities. Executing an average 126.6 million shares daily* across 4,279 symbols in August 2011, LeveL ATS remains a top destination for dark liquidity while minimizing information leakage and market impact.
"The integration with Linedata will enable the broker-dealer community to provide LeveL ATS's differentiated liquidity to their buy side client base in a manner that enhances the existing trading process," said Steve Miele, senior vice president/head of sales at LeveL ATS. "We look forward to building this new relationship with Linedata."
"At Linedata, we are always striving to improve the user experience. Working with LeveL ATS provides another best of breed venue for our clients to execute their orders," states Dan Pagano, vice president of strategic alliances at Linedata. "Through this partnership we continue to broaden the reach of our partners and optimize our clients' workflow."
*Figures are double counted to include all vvolume traded on the LeveL ATS (i.e. both sides of the transaction).