LeveL ATS Dark Pool and Luminex Block Venue Complete Merger

Independently operated US equities sell-side dark pool, LeveL ATS, and buy-side block trading venue, Luminex Trading & Analytics, have completed their merger according to a story in The Trade news. The pair confirmed their intentions to merge in September last year, shortly after Nasdaq acquired a minority stake in LeveL ATS in August, joining existing investors Bank of America, Citi and Fidelity. The two venues will continue to operate as two separate alternative trading systems (ATS) under one broker dealer and LeveL ATS’ chief executive, Whit Conary, has been named chief executive officer of the combined entity.