Our Quest: Maximum liquidity at the lowest cost.
PDQ’s CODA works for the entire trading ecosystem. We eliminate the inequities created by the race to faster and faster trades.
We deliver profound improvements to modern-day liquidity formation, retaining the benefits of sophisticated market technology while minimizing its drawbacks.
We are a team of visionaries and problem solvers, committed to the best market for all traders.
With CODA, every trade reaches its full potential because all it takes is a moment to unlock the benefits of aggregation, diversity and fair competition.
CONNECT TO CODA
By evolving from a speed arms race to an intelligence arms race, alternative trading systems can provide exactly what the market needs: maximum unique liquidity at the lowest cost.
For those who seek unique liquidity from alternative trading venues, including institutional investors, electronic retail brokers, block trading desks and active retail traders, trading at CODA Markets puts control back in the hands of liquidity seekers, regardless of speed, technology or size limitations.
Markets should allow buyers and sellers to achieve exactly what they each want at a moment in time – the best price for their order.
For those who provide liquidity as a service to equity markets, including traditional market makers, proprietary trading desks and algorithmic trading firms, CODA Markets’ on-demand auction process and its quote response mechanism provide a secure environment to operate. Liquidity providers are the bidders in each CODA order-driven auction and retain complete control over how and when they respond to each auction.
What makes CODA different?
How does an order-driven auction work?
How does the CODA process improve my execution?
I am a Liquidity Seeking firm. How will CODA benefit my trading?
I am a Liquidity Providing firm. How will CODA benefit my trading?
How does the CODA process create unique liquidity?
How does CODA minimize order information leakage?
Who can become a CODA subscriber?
Who do I contact for more information about CODA?
CODA Markets has relationships with more than 150 subscribers, 40 liquidity destinations and 25 connected vendors. For more information regarding accessing CODA Markets’ innovative auction markets, please contact Subscriber Services at firstname.lastname@example.org.
PDQ Enterprises, LLC
2624 Patriot Blvd
Glenview, IL 60026
181 Post Road West
Westport, CT 06880
One Grand Central Place
60 E 42nd Street, Suite 1130
New York, NY 10165
For Media Inquiries:
Mark Meadows (Propllr PR)