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<cov:edgarSubmission xmlns:cov="http://www.sec.gov/edgar/atsn/cover" xmlns:ats="http://www.sec.gov/edgar/atsncommon">
  <cov:submissionType>ATS-N/MA</cov:submissionType>
  <cov:rbOperatesPursuantToFormATS>N</cov:rbOperatesPursuantToFormATS>
  <cov:accessionNumber>0001609177-26-000014</cov:accessionNumber>
  <cov:filerCredentials>
    <cov:filerCik>0001609177</cov:filerCik>
    <cov:filerCcc>XXXXXXXX</cov:filerCcc>
  </cov:filerCredentials>
  <cov:fileNumber>013-00192</cov:fileNumber>
  <cov:txNMSStockATSName>LeveL Markets</cov:txNMSStockATSName>
  <cov:taStatementAboutAmendment>This Material Amendment pertains to certain attributes of order types, including Conditional Orders, on the LeveL ATS. Specifically, the changes pertain to the requirement to specify a Minimum Quantity or a Minimum Block Size on Conditional Orders (Part III Items 7 and 9) and describe the new ability of subscribers to specify a Minimum Fill Size or a Maximum Contra Side Order Quantity, if desired, as described in Part III Item 7.  Part III Item 7 also discloses that the Maximum Contra Side Order Quantity functionality is only available in unilateral, bilateral, and multilateral trading arrangements as described in Part III Item 14.  The amendment in Part III Item 7 also discloses that a Minimum Quantity and Minimum Fill Size may be reduced on a firm-up from the values specified in the original conditional order.  In that regard, Part III Items 7 and 9 each reflect the removal of the prior requirement that the minimum block size quantity be the same on a firm-up as on the original conditional order.  These changes apply to all subscribers and to the broker-dealer operator.</cov:taStatementAboutAmendment>
  <cov:liveTestFlag>LIVE</cov:liveTestFlag>
  <cov:flags>
    <cov:overrideInternetFlag>false</cov:overrideInternetFlag>
    <cov:confirmingCopyFlag>false</cov:confirmingCopyFlag>
  </cov:flags>
</cov:edgarSubmission>
