ACS Holdings/Global Liquidity Partners has formally announced the successful acquisition of Coda Markets Inc., an agency broker-dealer specializing in proprietary routing technology and auction market platforms.
With an esteemed team and a diverse client base, Coda has firmly established itself as a leader in its sector.
The acquisition brings with it new opportunities for growth and collaboration.
“We are confident that by combining Coda’s competencies with ACS Execution Services’ robust algorithmic capabilities and Comhar Capital Markets’ (COHR) market-making expertise we can further enhance the services available to our clients,” said Peter Cocuzza, Business Development – Client Relationships at ACS Execution Services – Global Liquidity Partners.
“At Global Liquidity Partners, we take great pride in our unique ability to provide solutions spanning a wide spectrum of equity execution, and this latest addition further enhances our capacity to address our clients’ needs.Coda will continue to operate as an independent company under ACS Holdings/Global Liquidity Partners,” he added.
About Coda Markets
Coda Markets is an agency broker-dealer specializing in proprietary routing technology and auction market platforms. Coda operates an innovative auction based alternative trading system (ATS) and smart order router that aims to optimize liquidity aggregation for all market participants. Additionally, Coda builds and deploys customized routing strategies to meet the needs and demands of subscribers and traders.
About ACS Global Holdings
ACS Global Holdings wholly owns ACS Execution Services, Comhar Capital Markets, and Global Liquidity Partners. ACS Execution Services is a FINRA regulated broker-dealer that provides execution services to other broker-dealers in U.S. listed equities. Their focus is on the algorithmic-based execution of larger, not-held orders where the client desires performance related to a common metric such as Arrival Price, VWAP, PWP, or custom logic. Comhar Capital Markets is a FINRA regulated broker-dealer that conducts business as a registered market-maker providing liquidity exclusively to other broker-dealers, with a focus on fulfilling IOC order flow. Global Liquidity Partners is a technology company that provides trading systems and support to its broker-dealer affiliates through the use of internally developed proprietary software.
Source: ACS Global Holdings
