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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>0001110644-26-000028</cov:accessionNumber>
  <cov:filerCredentials>
    <cov:filerCik>0001110644</cov:filerCik>
    <cov:filerCcc>XXXXXXXX</cov:filerCcc>
  </cov:filerCredentials>
  <cov:fileNumber>013-00107</cov:fileNumber>
  <cov:txNMSStockATSName>Liquidnet Negotiation ATS</cov:txNMSStockATSName>
  <cov:taStatementAboutAmendment>This filing is a material amendment to Part III, Item 3 of Form ATS-N to add Automated Market Surveillance to monitor activities of Members which might be contrary to the rules of the System. Such inconsistent activities may cause the Member to be blocked from trading a symbol for a particular day.  The change in this material amendment only applies to Members.</cov:taStatementAboutAmendment>
  <cov:liveTestFlag>LIVE</cov:liveTestFlag>
  <cov:flags>
    <cov:overrideInternetFlag>false</cov:overrideInternetFlag>
    <cov:confirmingCopyFlag>false</cov:confirmingCopyFlag>
  </cov:flags>
</cov:edgarSubmission>
