Equity Market Innovation Leads to Venue Proliferation

Equity Market Innovation Leads to Venue Proliferation

Several startups are planning to launch either new venues or order types, and even listing standards, to solve problems in US equity trading. FlexTrade’s Ivy Schmerken investigates.


Several startups are planning to launch either new venues or order types, and even listing standards, to solve problems in US equity trading.

At last month’s SIFMA Equity Market Structure conference, executives with the following three startups and one established exchange discussed their particular market innovations and how each one fits into the existing equity market structure.

  • Imperative Execution is on the brink of launching a dark pool to actively solve the problem of minimizing market impact.
  • Nasdaq Stock Market introduced a new order type to help institutions gather more liquidity.
  • Luminex Trading & Analytics is running a buy-side only block execution facility, which has gained traction over the past three years.
  • Long Term Stock Exchange is in registration to become a stock exchange to help companies access the public markets and discourage short-term trading.

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FlexTrade is a global leader in broker-neutral, execution and order management trading systems for equities, FX, options, futures and fixed income. A pioneer in the field, FlexTrade introduced the first trading system that allowed clients to control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies. Change is the only constant in electronic trading. That's why FlexTrade is continuously upgrading its products and services. All can be tailored to meet the demanding requirements of a global client base of more than a 225 buy- and sell-side firms.
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