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Announced

Completed

Nasdaq completed the investment in Level ATS.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Financial Data and Systems

equities alternative trading system

Friendly

Single Bidder

Private

United States

dark pool trading

Completed

Acquisition

Domestic

Minority

Synopsis

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Nasdaq, a global technology company serving the capital markets and other industries, completed the investment in Level ATS, an alternative trading system. Financial terms were not disclosed. "As one of the most innovative and well recognized broker-neutral trading platforms across US equities, LeveL has demonstrated the ability to consistently meet the evolving needs of investors and serve as an important source of liquidity for its members. We are pleased to join several leading sell-side firms to build on LeveL’s suite of products and current market position," Tal Cohen, Nasdaq Executive Vice President and Head of North American Markets.

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