LeveL Markets Partners with Nasdaq Canada to Enhance Liquidity Access

LeveL Markets, LLC, a U.S. registered broker-dealer, has forged a connectivity partnership with Nasdaq Canada. The collaboration will grant customers on Luminex ATS—LeveL's alternative trading system—direct access to Nasdaq Canada’s CXD trading book. This integration aims to streamline connectivity to Canadian liquidity pools while preserving alpha and minimizing information leakage.

Luminex, a buy-side-only platform operated by LeveL, has long been a trusted source for natural block liquidity. The addition of Nasdaq’s CXD trading book introduces an alternative non-displayed liquidity pool, enhancing size discovery and price improvement opportunities. Regulatory approval is pending for new trading types tied to the CXD book.

"This partnership reflects rising demand for seamless integration with advanced trading ecosystems," said Steve Miele, CEO of LeveL Markets. The MOVE aligns with broader institutional trends favoring efficient, customizable execution.