LeveL Announces Connectivity with Neovest

BOSTON--(BUSINESS WIRE)--LeveL ATS announced today Neovest is the newest firm to connect to its “dark pool” alternative trading system. LeveL integrates over thirty-five broker-dealers to a single location. LeveL has experienced record volume month after month, hitting several 100 million share¹ days with a record 170 million shares¹ on September 17.

“Together, with LeveL's competitive liquidity solutions and Neovest's advanced trading functionality, customers will gain a unique and dynamic edge to accessing dark liquidity.”

“Neovest has remained at the forefront for providing consolidated dark pool connectivity and is excited about the synergy that will be offered through its relationship with LeveL ATS,” said Bryce Byers, Neovest CEO. “Together, with LeveL's competitive liquidity solutions and Neovest's advanced trading functionality, customers will gain a unique and dynamic edge to accessing dark liquidity.”

Neovest provides a multi-broker and destination-neutral order entry platform. Neovest gives traders access to the advanced functionality of all major sources of liquidity, including ECNs/ATSs, dark pools, exchanges, floor brokers, block desks and popular algorithmic products.

“Neovest’s advanced trading platform will allow for wider participation in the growing liquidity found in LeveL,” said Whit Conary, president of LeveL ATS. “We are committed to providing an industry leading, value-added solution for trading in a stable, secure environment.”

Driven by low cost pricing and a low latency, highly stable platform, LeveL has become a leading source for non-displayed liquidity. LeveL will continue to develop customer driven solutions that aggregate meaningful liquidity in a fragmented market. Customers who trade in LeveL have the ability to interact with a large, diverse pool of liquidity in one place. Block trades have the opportunity to be seamlessly executed in a fast and efficient manner while minimizing information leakage and market impact.

About LeveL

LeveL is a registered broker dealer and a unique electronic alternative trading system (ATS) created by eBX LLC, a joint venture of five industry leaders. LeveL is a dark book trading platform that provides for multiple crossing opportunities. LeveL's innovative structure maximizes liquidity and provides best execution while minimizing information leakage and market impact. For more information: Whit Conary at 617-350-1601 or www.LeveLATS.com.

¹ Figures are double counted to include all volume traded on LeveL ATS (i.e., both sides of the transaction)