Level ATS Dark Pool Is Connected With ULLINK

LeveL ATS reported today that ULLINK has connected to its dark pool alternative trading system. ULLINK is a multi-asset connectivity and DMA trading solution with over 350 plug-and-trade connections to destinations including exchanges, ECNs and dark pools.

“This connection to Level ATS further extends our already existing North American markets coverage, which includes everything from global exchanges to specific and niche liquidity pools, providing a complete array of execution venues in the US,” said Laurent Useldinger, CEO of ULLINK in the release. “With ULLINK you can connect through a single, fully modular and scalable platform to multiple equities and derivatives markets, ECNs and ATS as well as dark and light liquidity pools, thus facilitating execution and generation new opportunities,” stated the CEO.

According to Steve Miele, VP-head of sales at LeveL ATS, who is quoted in the release, “LeveL’s low-cost diverse liquidity pool aligns well with ULLINK’s Smart Order Routing and Connectivity offering, enabling clients to maximize efficiencies in the trading process.” With access to over 6 billion shares of available liquidity covering more than 6,400 large, mid, small and microcap names, LeveL has emerged as a leading independent source of non-displayed liquidity in the marketplace, according to the registered broker dealer, created by eBX LLC, a joint venture of five leading sell-side firms.

Level ATS has experienced substantial growth since entering the market in 2006, and continues to provide customers with an opportunity to seamlessly execute block trades in a fast and efficient manner while minimizing information leakage and market impact. Low-cost pricing and a low-latency, highly stable platform has driven its growth, according to the release.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio