LODAS Markets, operator of the fourth-largest alternative trading system (ATS) in the U.S., announced reduced fees to trade NAV REITs on the LODAS Marketplace, with sellers now paying 1.9 percent of transaction value instead of 2.9 percent previously.
The change is effective today and buyers continue to pay no transaction fee.
For the third quarter ending Sept. 30, LODAS also reported an 80 percent increase in total notional value traded vs. the prior quarter, representing the total dollar value of all trading. Nearly 30 different securities traded on the LODAS Marketplace for the period.
LODAS Markets CEO Brian King said, “We’re pleased to offer this discount to sellers as they take the opportunity to engage with more than $2 billion of buyside interest on the growing LODAS Marketplace. This fi
