Steve Miele is CEO of LeveL Markets.
What was the highlight of 2025?
The clear highlight of 2025 was the strength and execution of our team. Over the course of the year, we successfully completed major partnerships and integrations with Turquoise and Nasdaq Canada, two significant milestones for LeveL Markets. These integrations materially expanded our clients’ ability to access new liquidity pools and trading opportunities, enabling coverage across 18 countries—all achieved within the same calendar year. Delivering this level of connectivity in such a compressed time frame reflects both the scalability of our technology and the dedication of our people. More importantly, these integrations reinforced our commitment to providing seamless access to global markets while maintaining a consistent and high-quality trading experience for our clients.
What were the key theme(s) for your business in 2025?
A central theme for LeveL Markets in 2025 was bringing greater execution optionality to our ecosystem of clients. We focused on empowering participants with the flexibility to execute trades in ways that best align with their strategies and objectives. Whether clients were trading point-in-time blocks, engaging in VWAP trajectory crossing, or operating across different regions, our goal was to provide choice without complexity. Alongside this, we spent significant time working directly with clients to better understand their broader execution objectives and ensure those goals were reflected in their experience trading with LeveL Markets. This collaborative approach allowed us to refine our platform and services in a way that is both client-driven and performance-focused.
What are your expectations for 2026?
Looking ahead to 2026, we expect to continue building upon the trading framework that defines LeveL Markets. Our focus remains on enabling a unique ecosystem of participants to message and trade with one another in a highly customizable and efficient manner. We plan to extend this framework across additional geographies and asset classes, further enhancing connectivity and choice for our clients. As markets continue to evolve, we believe flexibility, transparency, and alignment with client needs will be increasingly critical. In 2026, our priority is to scale what makes LeveL Markets distinctive while continuing to innovate alongside our clients and partners.
