Rosenblatt Securities is pleased to share that it served as the exclusive strategic and financial advisor to LeveL ATS on its merger with Luminex, which has just closed. The combination of the two firms creates a unique and powerful trading network backed by a world-class consortium of the foremost buy side and sell side institutions, as well as a leading global exchange group in Nasdaq, offering deep liquidity, unparalleled market access, and high-quality execution services.
Whit Conary, CEO of the combined entity, commented, “Rosenblatt Securities has been a true partner in this deal from start to finish and remains our strategic financial advisor of choice, helping us execute our growth initiatives and guiding us through the steps necessary to consummate this complex transaction.”
Click here for a press release about the transaction.
“LeveL ATS’s merger with Luminex is a landmark deal for the industry, bringing together two major alternative trading systems in institutional equity trading. We are honored to have advised LeveL’s management on this important step in their growth trajectory and corporate development,” said Rosenblatt’s Head of FinTech Investment Banking Vikas Shah.
For other transactions on which Rosenblatt has advised, please click here.
About LeveL Alternative Trading System (ATS)
LeveL ATS is a leading, independently operated US Equity Dark Pool trading, execution, and technology provider focused on delivering efficient, low-cost trading while minimizing market impact and information leakage. Founded in 2006 by a consortium of banks, LeveL ATS empowers clients to trade on a new level by delivering a stable suite of products ranging from a continuous crossing platform to VWAP order types, to fintech solutions and sophisticated low-latency trading platforms. For more information on LeveL’s mission and offerings, go to www.LeveLATS.com.
Luminex Trading & Analytics offers low-cost trading and superior execution quality with minimal information leakage by interacting only with venue-approved participants. Its collaborative approach seeks to improve trust, liquidity, and control, and help buy-side traders execute large block trades with little market impact. For more information, visit www.luminextrading.com.
About Rosenblatt Securities
Rosenblatt Securities is a boutique tech research firm, investment bank, and independent institutional brokerage founded in 1979 and headquartered in New York. The firm represents clients on an agency-only basis in equities and ETF trading, both from its program trading desk and the largest presence on the floor of the New York Stock Exchange, and was named “Best Firm for Market Structure & Execution Consulting” by Financial News in 2021. The firm also provides leading global Tech and FinTech equity research (ranked number three among all firms in stock picking for 2020 according to TipRanks), and FinTech investment-banking services to (two consecutive selections to Institutional Investor’s FinTech Finance 40 list). Member NYSE, FINRA, SIPC. For more information, please visit www.rosenblattsecurities.com.