LeveL ATS Targets Block Traders with Smart Block

"The new block order type is to create an atmosphere where customers are more comfortable leaving block orders resting over a longer time," explains Whit Conary, CEO of LeveL ATS.

Smart Block, the still unofficial name of the order type, operates by having a trader enter the order size, its base price, a trigger price and a specific share or order percentage amount. While the price of the stock is between the order's base price and trigger price, the matching engine will fill it in the regular

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