Nasdaq Completes Acquisition of LeveL Markets to Boost Off-Exchange Liquidity

Key Facts

1Nasdaq has completed its acquisition of LeveL Markets, one of the largest Alternative Trading Systems in the United States.

Nasdaq has completed its acquisition of LeveL Markets, one of the largest Alternative Trading Systems (ATS) in the United States. GlobeNewswire reported that the acquisition aims to integrate LeveL Markets' off-exchange equity execution platform into Nasdaq's marketplace infrastructure, enhancing the company's ability to connect investors to liquidity and advancing its vision for continuous global markets.

NDAQ closed at $91.96 on October 14, 2026, prior to the announcement of the deal's completion. The transaction strengthens Nasdaq's position in alternative market structures, and LeveL Markets will continue to operate as a registered ATS subject to FINRA oversight, maintaining its own management team within Nasdaq’s Digital Liquidity Networks organization.