Digital Liquidity Networks is Nasdaq’s platform for developing and investing in market infrastructure, trading venues and execution models designed to support increasingly connected and continuous markets.
Digital Liquidity Networks
Connecting liquidity for the next generation of markets.
Markets are Changing
Nasdaq’s Digital Liquidity Networks (DLN) brings together innovative trading venues, protocols and market infrastructure to help institutional investors access liquidity, execute efficiently and participate in markets that are becoming increasingly connected and continuous.
Trading is extending beyond traditional market hours.
Liquidity is distributed across more venues and protocols.
Institutional investors need more flexible ways to execute large and complex orders.
New technologies are creating opportunities to connect markets and liquidity more efficiently.
Digital assets and tokenization are creating new instruments, market models and sources of liquidity.
Digital Liquidity Networks combines Nasdaq’s market expertise with specialist platforms and new execution models to connect liquidity across traditional, digital and tokenized markets.
Our Capabilities
Our growing portfolio supports institutional trading and liquidity needs across exchange, off-exchange markets and emerging digital markets.
LeveL Markets
LeveL Markets operates a U.S. alternative trading system supporting institutional execution through a range of order types and crossing capabilities.
Learn MorePureStream
PureStream is a volume-based execution protocol designed to help institutions trade large orders over time, based on a defined percentage of market liquidity.
Learn MoreOne Trading
One Trading is a regulated European derivatives venue developing advanced technology to enable 24/7 trading of equity futures.
Learn MoreDesigned Around Evolving Execution Needs
DLN capabilities can support institutions seeking to:
- Execute large orders while managing market impact
- Access differentiated exchange and off-exchange liquidity
- Trade beyond traditional market hours
- Connect to new liquidity pools, protocols and market models
- Access emerging digital and tokenized markets through institutional-grade infrastructure
Roland Chai, Executive Vice President, Head of Digital Liquidity Networks"Liquidity is increasingly distributed across venues, asset classes and time zones. Digital Liquidity Networks brings together complementary capabilities to help institutional clients navigate this evolution, access liquidity in new ways and participate in the next generation of markets."
FAQs
Markets are evolving as liquidity becomes distributed across more venues, protocols and trading hours. DLN brings together capabilities designed to help institutional investors navigate this changing market structure.
Digital assets and tokenization are contributing to more continuous, interconnected and technology-driven markets. DLN enables Nasdaq to explore and support regulated infrastructure, liquidity models and institutional-grade capabilities that can connect established markets with emerging digital and tokenized ecosystems.
DLN’s growing portfolio includes capabilities across off-exchange liquidity, alternative execution protocols and extended-hours markets, including LeveL Markets, PureStream and Nasdaq’s investment in One Trading.
DLN is focused primarily on the evolving liquidity and execution needs of institutional market participants.
Digital Liquidity Networks is designed to evolve as markets change. Nasdaq will continue to explore opportunities to develop, invest in and connect capabilities that support the next generation of market infrastructure.