There Are Currently 31 Alternative Trading Systems in the US

Added on by C. Maoxian.

These active “dark pools” exist in addition to the current “lit” 16 stock exchanges in the US.

Listed by trading activity … the top four ATS’s do around 60% of all ATS trades, the top six around 75%, the top ten around 90%; in terms of ATS volume, the top ten ATS do around 75% of the total, the bottom 20 around 25% (because of block trading):

  1. UBSA — UBS ATS (UBS)

  2. SGMT — SIGMA X2 (Goldman Sachs)

  3. INCR — INTELLIGENT CROSS LLC

  4. CROS — CROSSFINDER (Credit Suisse)

  5. JPMX — JPM-X (J.P. Morgan)

  6. EBXL — LEVEL ATS

  7. LATS — THE BARCLAYS ATS (Barclays)

  8. MSPL — MS POOL (ATS-4) (Morgan Stanley)

  9. JPBX — JPB-X (J.P. Morgan)

  10. KCGM — VIRTU MATCHIT ATS (Virtu)

  11. IATS — IBKR ATS

  12. MSRP — MS RPOOL (ATS-6) (Morgan Stanley)

  13. MSTX — MS TRAJECTORY CROSS (ATS-1) (Morgan Stanley)

  14. BNPX — BNPP CORTEX ATS (BNP Paribas)

  15. MLIX — INSTINCT X (Bank of America Securities)

  16. ITGP — POSIT (Virtu)

  17. PURE — PURESTREAM

  18. ICBX — CBX (INSTINET CONTINUOUS BLOCK CROSSING SYSTEM)

  19. XSTM — CROSSSTREAM (Fidelity)

  20. BIDS — BIDS ATS

  21. CODA — CODA

  22. BLUE — BOATS

  23. LQNA — LIQUIDNET H2O ATS

  24. BLKX — INSTINET BLOCKCROSS (Nomura)

  25. LQNT — LIQUIDNET NEGOTIATION ATS

  26. LMNX — LUMINEX ATS

  27. DLTA DEALERWEB

  28. CBLC — CITIBLOC (Citibank)

  29. PJCX — XE (Piper Sandler)

  30. STFX — STIFEL X (Stifel, Nicolaus & Company)

  31. AQUA — AQUA