Nasdaq to acquire LeveL Markets in push toward ‘always-on’ markets
60-second summary
Nasdaq is acquiring LeveL Markets, the third-largest US alternative trading system, in a move to expand into tokenized securities and offer longer trading hours. The acquisition is a push toward 'always-on' markets, allowing for continuous trading. This strategic move positions Nasdaq to capitalize on the growing demand for 24/7 trading and tokenized securities, enhancing its market presence.
Nasdaq’s acquisition of the third-largest US alternative trading system comes as the exchange operator expands into tokenized securities and longer trading hours.