Nasdaq has agreed to acquire LeveL Markets, a major US alternative trading system (ATS), as the exchange operator moves deeper into tokenized and “always-on” trading infrastructure. The deal combines Nasdaq’s push for programmable market structures with LeveL’s institutional exec...
- Nasdaq is acquiring LeveL Markets, an alternative trading system (ATS), to enhance its capabilities in tokenized and 'always-on' trading infrastructure.
- The acquisition aims to integrate LeveL's institutional execution network into Nasdaq's Digital Liquidity Networks, supporting tokenized equity settlement pilots and longer trading hours.
- This move by Nasdaq aligns with broader industry trends towards continuous trading and highlights the growing importance of execution networks in the evolving landscape of tokenized assets.
Topics: Institutional adoption, Infrastructure providers, Scalability, Asset manager initiatives, Tokenization platforms, Market depth liquidity, Institutional capital inflows
Tags: #nasdaq #levelmarkets #ats #tokenization #alwaysontrading #digitalliquiditynetworks #institutionalexecution #regulatoryapproval #tokenizedequities #marketinfrastructure