CODA Markets
Routing and Auctions
By traders. For traders. Like nothing else available to traders.
Make Routing and Execution Your Secret Weapon
What if routing and execution became an edge that helps you win new business and retain clients?
AI and tech innovation are here to help you deliver a new level of client experience at scale. Customized strategies that evolve to meet clients’ shifting preferences. Auction-based execution designed to help enhance your quality, price, and more — not just your speed.
1 Day To Build and Deploy
Custom routing and reporting strategies
1st Auction ATS
The industry's first electronic order-driven auction market, launched in 2009
800+ Custom strategies
Active in our engine each day
185B Liquidity-seeking shares
Received per month
40B Liquidity-providing shares
Per month
Apex proprietary data as of 9/30/2023, includes conditional shares.
Key Products and Services
Flexible Custom Routing
Including AI optimization, next-day launch, parallel routing and parallel posting. Learn more.
Auction-Based Alternative Trading System (ATS)
Including our products CODA Fuse, CODA Micro, and CODA FLARE. Learn more.
ALISA Market Analytics
Evaluating liquidity conditions and cost across the entire market, as well as the performance of their CODA order flow and execution.
Access to Our Unique Liquidity
Tap into the retail volume Apex can offer. We give clients access to our liquidity pool that’s deep, broad, and diverse.
White-Glove Service
It’s okay to ask a lot of your routing and execution vendor. We’re here to help you succeed. At every step, we can help provide human understanding and tailored service, helping you to get right what you need right when you need it.
Take the Next Step.
Connect With Us