EBX LLC

From MarketsWiki
Jump to: navigation, search
eBX LLC
Key People Whit Conary, president; Denise Cronin Barros, chief compliance officer
Products LeveL 1, LeveL 2
Website http://www.levelats.com

eBX LLC is a joint venture of: Citi, Credit Suisse, Fidelity Brokerage Company, Lehman Brothers and Merrill Lynch[1].

On October 2012, eBx LLC, holding Level ATS dark pool, sold customers' unexecuted orders to a technology firm, and was fined an $800,000 penalty.[2]

History

Products and Services

LeveL 1 is a white label, “out of the box” platform that provides the customer with an order matching engine allowing firms to match internal sources of order flow to maximize execution quality while increasing operational efficiency.

LeveL 2 provides a diverse pool of liquidity and aims to give firms the ability to customize their trading experience through a cost effective utility model. The matching engine aims to maximize liquidity and price improvement opportunities, while minimizing information leakage, by providing the ability to interact with either a list of chosen counterparties, or all of the participants within the LeveL environment.

Key People

References

  1. About us. LeveL.
  2. SEC Charges Dark-Pool Operator for Sharing Confidential Data. Bloomberg.