Level ATS | Alternative Trading System
TRADE ON A
NEW LEVEL

LEVEL ALTERNATIVE TRADING SYSTEM


LeveL ATS is an independently operated US Equity Alternative Trading System designed to facilitate fast and efficient execution in a dark pool environment.

Launched in 2006, LeveL ATS provides a continuous crossing platform, giving customers the opportunity for seamless trading in a highly stable dark pool environment while minimizing information leakage and market impact.




TRADING STATISTICS





*Figures are double-counted to include all volume traded on LeveL ATS (i.e., both sides of the transaction)


TOP 200 SYMBOLS EXECUTED
March 31, 2023

BBBY4,154,153
MULN3,718,942
HYG859,904
ITUB859,264
EEM803,261
AUY779,599
XLF738,292
NKLA686,515
SQQQ658,300
INTC640,227
TSLA628,121
EWZ596,447
TQQQ513,250
F480,445
FXI475,787
AAPL440,418
MU431,405
IGR^426,447
EFA426,244
VALE414,039
BOIL412,635
BAC374,600
PYXS356,429
GMVD353,601
UNG342,526
ARKK339,971
SWN335,500
NKTR329,350
SPXS328,865
CS323,369
WBD318,895
SPY317,344
LQD306,503
NVDA295,424
SOFI290,952
FFIE287,424
IEFA282,966
AMZN278,875
XLI276,426
EJH262,818
BSJO256,931
QQQ254,966
IWM254,586
RLX253,438
LUMN250,488
AMD245,644
BDRX244,026
SOUN239,562
RIVN234,860
HPQ231,681
NU231,137
WFC227,490
KWEB226,489
BKLN214,693
BBAI213,799
JNK209,316
NIO205,476
OSH205,237
HST203,210
CVE200,958
MQ200,768
ARVL199,000
PR197,351
CCL193,491
PCG193,076
BRDS192,730
AI186,989
DLO185,119
PFE181,920
HPE179,662
GOOGL179,039
SHY175,830
T172,290
BITO170,075
OPEN167,974
BABA166,687
SLV166,599
TMF164,296
VZ164,173
KO162,777
SCHW162,553
IONQ162,233
ASHR160,743
SPXU158,398
KMI157,013
UVXY156,051
PACB155,051
NOK154,565
KRE149,791
FRC148,907
BSX148,288
SH147,903
IEMG147,045
FCX145,924
PBR142,865
TLT142,447
CSX141,315
BUR141,010
MPW139,834
XPEV139,441
ROKU139,072
EWJ138,653
PATH138,391
VEA136,321
ABEV136,310
BBD135,173
PTEN134,064
XLP133,905
VTRS132,387
HBI130,960
NYCB129,205
PAGS128,199
AVTR126,028
CGC124,085
RIG123,210
USHY122,760
CMCSA122,540
SJNK121,991
JD121,930
LVS119,997
PGX119,279
PALI119,093
AGNC118,501
GDX117,538
SIRI116,801
FUBO116,381
DNN116,243
SQ116,055
CDE115,128
HBAN112,015
SNAP111,189
SPIB109,106
TELL108,552
CSCO108,383
INO104,685
UBER104,004
NCLH103,861
CHPT102,807
INFY101,759
XLE101,576
IGOV101,394
M101,183
IXUS98,843
LABU97,430
ELAN97,103
PAAS96,872
UBS96,808
GRAB95,675
QID94,188
COIN92,611
USB92,573
XLV92,396
TSLL92,327
BP91,414
LYFT91,242
JPM90,602
BIL90,500
BB89,384
LCID88,421
C87,363
BTG86,760
QRTEA86,132
XELA86,121
CANO85,954
VORB85,908
GFI85,340
CNHI85,107
XP84,548
META84,078
XOM82,921
GERN82,801
YMAB82,154
INPX82,153
BHC81,538
PLTR81,325
DKNG80,916
RVNC80,393
PSQ80,328
KCGI+80,275
ETRN80,167
IOT79,838
UAA79,815
RF78,838
CFLT78,160
MCHI77,921
BILI77,692
GILD77,653
CPNG77,509
IWN77,241
DNA77,216
JEPI76,846
CFG76,449
SOXL76,239
JPST75,270
KGC75,012
SNOW74,425
CHWY74,002
SPWR73,706
TFC72,753
EOG72,593


DOWNLOAD TOP SYMBOLS

FREQUENTLY ASKED QUESTIONS



Q1: WHAT IS THE LEVEL ATS? A1: LeveL ATS is a continuous crossing US Equity Alternative Trading System (ATS), designed to transform dark pool executions with crossing innovation.

Launched in 2006 LeveL ATS is a leading, independent US Equity Dark Pool trading execution and technology provider focused on delivering fast, efficient, low-cost trading while minimizing market impact and information leakage. Q2: WHO CAN TRADE ON LEVEL ATS? WHAT SECURITIES DOES LEVEL TRADE? A2: All LeveL ATS subscribers must be U.S. Registered Broker-Dealers.
LeveL ATS trades NMS securities that are listed to trade in 100 share lots. Q3: WHAT ORDER TYPES DOES LEVEL ATS SUPPORT? A3:

  • Market
  • Limit
  • Peg
    • Market
    • Midpoint
    • Primary
  • Conditional
  • VWAP Block
  • VWAP Slice
  • VWAP Full Day
 Q4: HOW DO I CONNECT TO LEVEL ATS? A4: Subscribers can connect via cross connects within Equinix NY4 or through various extranet providers. Please contact us at Salesdesk@levelats.com or at 617-203-3156 for additional information. Q5: WHERE IS THE LEVEL ATS MATCHING ENGINE LOCATED? A5: The LeveL ATS matching engine is located in Equinix NY4 Secaucus, NJ. Q6: CAN I CO-LOCATE WITH LEVEL ATS? A6: LeveL ATS does not offer the ability to co-locate directly with the matching engine, however as noted above, the LeveL ATS Matching Engine is located in Equinix NY4. Q7: DOES LEVEL ATS ROUTE MY ORDER FLOW OUTSIDE OF ITS SYSTEM? A7: No. LeveL ATS does not route any order flow. Q8: WHAT IS LEVEL ATS' MARKET PARTICIPANT ID (MPID)? A8:The MPID for LeveL ATS is EBXL. Q9: WHAT IS LEVEL ATS' MIC CODE? A9: The Operating MIC Code for LeveL ATS is LEVL. LeveL also owns the MIC Code EBXV. Q10: WHAT ARE THE HOURS OF OPERATION FOR LEVEL ATS? A10: The LeveL ATS Production system is available between 7:00am - 5:00pm EST. Resting orders will be accepted between 7:30am - 4:00pm EST, with IOC orders accepted 9:30am - 4:00pm EST pending symbol open.

Order Matching - Executions will occur between 9:30am - 4:00pm EST. * (Holiday hours as the exception) Q11: HOW DO I ENTER AN ORDER ON LEVEL ATS? A11: LeveL ATS supports order entry via FIX 4.2 only. Q12: WHERE DOES LEVEL ATS GET ITS MARKET DATA? A12: LeveL ATS uses the SIP for its Market Data. Q13: HOW DOES LEVEL ATS DETERMINE A SYMBOL AS "OPEN"?A13: LeveL ATS uses trade reports from CTA/UTP. Each trade report signifies whether that trade is "last sale eligible." The symbol is deemed to have been opened when the first trade report is received and is marked as "last sale eligible" as determined by the consolidated tape. Q14: ARE ORDERS RECEIVED BY THE LEVEL ATS HANDLED ON A NOT-HELD BASIS? A14: Yes, all orders received by the LeveL ATS are handled on a Not-Held basis. Q15: WHERE DOES LEVEL ATS PRINT ITS TRADES? A15: LeveL ATS executions are printed to the FINRA/NASDAQ TRF.

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HOMESITEMAPDISCLOSURE OF SEC-REQUIRED ORDER EXECUTION INFORMATIONFORM ATS-NCLEARLY ERRONEOUS POLICY
LeveL ATS is an SEC-registered Alternative Trading System owned and operated by Luminex Trading & Analytics LLC, Member FINRA/SIPC. A copy of the Luminex Trading & Analytics LLC Business Continuity Plan Customer Disclosure Statement is available here.
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