Other trade-platform providers, including the exchanges, want investors to pay for ever-greater speed or protection from it. CODA is different. Our unique on-demand auction system harnesses the latest advances in computing and communications technology to bring liquidity to your order at a single point in time. Our patented auction process helps your order reach multiple counterparties without revealing side, size, or price.
Market-makers, prop desks, algo traders—all types of liquidity providers can use CODA auctions to expand access to order flow in a secure environment. When liquidity seekers initiate an auction, your parameters determine when and how to respond.