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Rosenblatt Serving as Exclusive Strategic and Financial Advisor to LeveL ATS on Its Merger with Luminex

September 23, 2021
Rosenblatt Securities

Rosenblatt Securities is pleased to be serving as the exclusive strategic and financial advisor to LeveL ATS on its announced merger with Luminex, creating a unique and powerful trading network backed by a consortium of leading buy-side and sell-side institutions, as well leading exchange group Nasdaq.

Whit Conary, Chief Executive Officer of LeveL ATS said, “Rosenblatt has once again been our strategic financial advisor of choice, helping us execute our growth initiatives while serving as a true partner to build a world-class consortium deal.”

Click here for a press release about the transaction.

level merger with luminex

“We’re thrilled to be advising LeveL ATS on its merger with Luminex, combining a leading, independently-operated US equity dark pool trading venue for the sell-side and a block trading venue built for and owned by the buy-side. This transaction benefits both LeveL and Luminex clients tremendously, giving them more choice and the ability to interact with a larger liquidity pool, while minimizing market impact”, said Vikas Shah, Rosenblatt’s Head of FinTech Investment Banking.

Joe Gawronski, President of Rosenblatt, added, “Being entrusted to combine two world-class buy-side and sell-side trading networks is another illustration of Rosenblatt’s unique positioning in the industry.  We take great pride not only in our expertise and independence, but our ability to be a unifying force, especially at a time when equity market structure once again finds itself in the crosshairs of politicians, regulators and the media.”

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.

About Luminex

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 on its cutting-edge program trading desk and on the floor of the New York Stock Exchange, where it is the largest broker by volume. The firm also provides industry-leading market-structure analysis, global Tech and FinTech equity research, consulting and investment-banking services to a wide variety of clients globally, including institutional investors, exchanges, regulators, technology companies, banks, brokers, and proprietary trading firms. Member NYSE, FINRA, SIPC. For more information, please visit www.rosenblattsecurities.com.

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