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, invisibly, at a single point in time. No one knows if you are a buyer or a seller, or if your order is small or large. Our patented auction process then helps you execute even large blocks—instantaneously, against multiple counterparties—at prices better than the best posted, nationwide, for much smaller sizes.
Market makers, prop desks, algo traders—all types of liquidity providers can use CODA auctions to expand access to order flow invisibly and securely. When liquidity seekers call an auction, your parameters determine when and how to respond.