Search results for Merrill Lynch
Finance
Goldman Sachs, CLSA join Nextrade as foreign brokers expand participation
Goldman Sachs Securities and CLSA Korea Securities will join alternative trading system Nextrade, the operator said on Aug. 31. Nextrade approved membership for Goldman Sachs Securities Co’s Seoul branch and CLSA Korea Securities on Aug. 28. The two firms plan to complete procedures, including building a smart order routing system, within this year before starting trading. Nextrade’s member brokerages increased to 38.
Finance
Nasdaq to buy remaining stake in Level Markets as it pursues 24-hour markets
Nasdaq has reached a final agreement to buy the remaining stake in Level Markets, the United States’ third-largest alternative trading system operator. Fintech Futures reported the acquisition is part of Nasdaq’s strategy to build always-on global market infrastructure. The closing date and purchase price were not disclosed. Level Markets runs an anonymous dark pool for institutional block trades. Nasdaq has also sought to extend trading hours for NMS stocks and ETPs to 23 hours a day, with implementation planned for early in the third quarter of 2026.
Fintech
Morgan Stanley, Merrill Lynch join Nextrade as members
Morgan Stanley Securities and Merrill Lynch Securities have joined alternative trading venue Nextrade as members, Nextrade said. Nextrade approved membership for the firms\' Seoul branches on July 1. Morgan Stanley plans to complete its smart order routing system by November, while Merrill Lynch aims to finish system development this year and pursue participation across all markets after testing. Nextrade’s member brokerages have risen to 36.
