Nasdaq targets 24-hour trading with LeveL acquisition
Nasdaq has agreed to acquire LeveL Markets, the third-largest US alternative trading system, as part of its strategy to expand into tokenized securities and implement 23-hour trading, aiming for 'always-on' markets.
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Nasdaq targets 24 hour trading with LeveL acquisition
Nasdaq agrees to acquire LeveL Markets as its U.S. strategy expands across ATS liquidity, tokenized securities and 23 hour trading.
Nasdaq to acquire LeveL Markets in push toward ‘always-on’ markets
Nasdaq’s acquisition of the third-largest US alternative trading system comes as the exchange operator expands into tokenized securities and longer trading hours.
Nasdaq Announces Definitive Agreement to Acquire LeveL Markets, Advancing Nasdaq’s Always-On Markets Strategy
NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that it has entered into a definitive agreement to acquire all the equity interests of LeveL Markets, LLC, one of the leading off-exchange equity execution venues in the United States. As market structure evolves and the boundaries between traditional and digital markets continue to converge, investors and market participants are increasingly seeking a broader range of liquidity solutions and market models that support different investment and trading objectives. LeveL Markets’ capabilities will advance Nasdaq's broader vision for always-on markets, expanding the company’s role in how liquidity is connected, capital is formed, and markets operate across an increasingly continuous global economy.