In The News – Hot off the press!
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New ATS: 24x5, Auctions, Retail (Bloomberg Intelligence)
April 23, 2025
“Openpool -- Proposed Retail ATS in 2026Blox Markets plans to launch a retail liquidity ATS, Openpool, in 1H26. It expects to make retail liquidity accessible to all US broker-dealers, while improving retail outcomes with natural liquidity, as a complement to the payment-for-order-flow (PFOF) structure. Openpool trading will be continuous, with an inverse-fee model that charges liquidity providers. Initially, it won't provide rebates, but management plans to add a second rebate order book shortly that will compensate liquidity takers similar to PFOF. It's incentivizing market makers with an equity-rights program, but will also need to prove execution quality to attract retail brokers and liquidity providers. Participants can choose to interact with specific retail or institutional segments, but the ATS won't feature counterparty selection or private rooms.”
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Press Release: BLOX Markets Partners with Options Technology to Power Openpool with Trading Infrastructure and Market Data Solutions
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Atkins’ SEC Chair Confirmation Hearing Scheduled for March 27: Equities Outlook
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FLASH FRIDAY: Growth of ATSs: Implications for Liquidity and Market Structure
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Trump Appointments Spark Market Speculation
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US Equity Trading and Venue Analysis (Bloomberg Intelligence)
January 17, 2025
“Blox Markets will likely introduce a retail-focused ATS in 2025, attempting to build order flow from retail brokers and provide high execution quality for individual investors.”
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Fintech Sandbox Newsletter
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Outlook 2025: Khody Azmoon, BLOX Markets
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Press Release: BLOX Markets, Inc. and OptimX Markets Enter into Early-Stage Partnership Item
December 19, 2024
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Exchange Invest IPO-VID 2024 Review - Part II
December 10, 2024
https://www.youtube.com/live/mKLBhlFG6bM?feature=shared&t=2710
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Benzinga Fintech Deal Day
November 19, 2024
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Press Release: BLOX Markets, Inc. Implements Sigma Computing’s Platform to Elevate Data Analytics Capabilities
November 18, 2024
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Exchange Invest IPO-VID Livestream 158
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Forefront Episode 69: Khody Azmoon, BLOX Markets
October 31, 2024
https://forefrontcomms.com/episode-69-khody-azmoon-blox-markets
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US Equity Trading and Venue Analysis (Bloomberg Intelligence)
October 11, 2024
“There are also at least two new entrants expected in the market: … and Blox Markets will follow, likely in 2025. Blox will be a retail-focused ATS, trying to garner order flow from retail brokers and provide high execution quality for individual investors.”
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SEC Updates Tick-Size and Access-Fee Rules, Industry Reacts
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A Quiet Supporter of the SEC's Market Structure Changes
September 20, 2024
https://www.capitolaccountdc.com/p/a-quiet-supporter-of-the-secs-market
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FLASH FRIDAY: Some in the Industry Support SEC Rule Changes
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BLOX Markets ... Targets 2025 Launch
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FLASH FRIDAY: Evaluating Access Fees Proposal
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SEC Rule 605 is Final, But More is Pending with Market Structure
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Start-up trading venue aims to profit from SEC’s market shake-up
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LET THERE BE LIGHT: US EDITION (Rosenblatt)