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Nasdaq is buying a major off-exchange trading venue to build out its always-on markets strategy

LeveL Markets, the third-largest U.S. alternative trading system by volume, will operate within a newly formed Nasdaq unit called Digital Liquidity Networks

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Nasdaq $NDAQ announced a definitive agreement to acquire LeveL Markets, one of the largest off-exchange equity trading venues in the U.S., the company said Tuesday. Financial terms were not disclosed.

LeveL Markets runs an Alternative Trading System, or ATS, handling hundreds of........

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