Our Mission

CODA Markets is an independent, agency-only FINRA regulated broker-dealer which operates an electronic equity alternative trading system under SEC Regulation ATS.

CODA Markets aims to increase investment returns for participants by taking time out of the trading process.  We pioneered the development of on-demand auction markets that eliminate the costs associated with shaving sub-seconds or preventing information leakage in order placement.  Our markets facilitate hundreds of thousands of competitive stock auctions every day, anchored by billions of shares of unique on-demand aggregated liquidity.