Luminex Adds Conditional Order Type to Buy Side ATS

Luminex Trading & Analytics LLC, a buy side-owned trading venue delivering block executions, has added a conditional order type to its buy side-only alternative trading system (ATS). This upgrade has helped make January 2018 Luminex’s best month ever by volume. Luminex’s trading platform now supports negotiable, firm and conditional orders. The addition of conditional orders is designed to make trading on Luminex more efficient for many buy side workflows and should allow subscribers to interact with more block orders. Negotiable and firm orders continue to be available and will help to prevent “fall downs”, negotiations in which one party backs out despite each entering with an intention to trade. Luminex expects the addition of conditional orders to benefit all of its current 185 subscribers, regardless of the order types they choose to use.