LeveL Markets Partners with LSEG's Turquoise for Expanded Trading Solutions
Deal News | Apr 28, 2025 | Wilmer Cutler Pickering Hale and Dorr LLP
LeveL Markets, a prominent US-based trading marketplace and provider of technology solutions, has formed a strategic partnership with Turquoise, a pan-European trading platform owned by the London Stock Exchange Group (LSEG). Announced on April 24, 2025, this collaboration focuses on introducing manual conditional order types, aimed at enhancing liquidity access for substantial block trades and minimizing their market impact. The initiative represents a significant step towards providing more efficient trading services for buy-side and broker clients. Leading the legal representation for LeveL Markets in this pivotal partnership was the reputable law firm Wilmer Cutler Pickering Hale and Dorr LLP, or WilmerHale, with a team spearheaded by Stephanie Evans, Jeff Johnson, and Bruce Newman.
Sectors
- Financial Services
- Legal Services
Geography
- United States – LeveL Markets, a US-based company, forms one part of the transatlantic partnership.
- Europe – Turquoise, a pan-European trading platform, highlights the European involvement in the collaboration.
Industry
- Financial Services – The article focuses on the collaboration between two trading platforms, pinpointing it within the financial services sector, particularly related to trading technologies and capital markets.
- Legal Services – WilmerHale, a prominent law firm, is involved in advising and representing LeveL Markets in this partnership, situating the article within the legal services sector.
Financials
- N/A – The article does not specify any financial figures related to the partnership deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LeveL Markets | Target | Company | A US trading marketplace and technology solutions provider involved in the strategic partnership with Turquoise. |
| Turquoise | Other | Company | A pan-European trading platform owned by the London Stock Exchange Group, collaborating with LeveL Markets. |
| Wilmer Cutler Pickering Hale and Dorr LLP (WilmerHale) | Legal Advisor | Company | The law firm advising LeveL Markets on the partnership, with a team led by Stephanie Evans, Jeff Johnson, and Bruce Newman. |
| Stephanie Evans | Legal Advisor | Person | Part of the WilmerHale team representing LeveL Markets. |
| Jeff Johnson | Legal Advisor | Person | Part of the WilmerHale team representing LeveL Markets. |
| Bruce Newman | Legal Advisor | Person | Part of the WilmerHale team representing LeveL Markets. |