ATS-N/UA: Filer Information
Filer CIK | 0000921107 |
Filer CCC |
********
|
File No: | 013-00096 |
|
Statement about the Form ATS-N Amendment pursuant to Instruction A.7 (g) of this form. | CODA Markets, Inc. (BDO) submits this updating amendment to the material amendment dated 3.26.24 modifying PII Items 2-3 & 5-7 & PIII Items 2-3, 6, 9, 11, 15 & 23. Each change relates to BDO's ownership change in which Apex Fintech Solutions Inc. (AFS) sells 100% of ownership in BDO to ACS Global Holdings, LLC. As such, two existing Subscribers will become BDO affiliates (PII Item 2(a)).These changes apply to BDO. PII Item 3(b) provides that CODA MICRO users may opt out from interacting with BDO's affiliates, whereas this opt-out functionality does not exist for CODA BLOCK or CODA FUSE. This functionality applies to all Subscribers. Under PII Item 2(d) & PIII Item 16, CODA FLARE allows Liquidity Seekers to route orders, inter alia, to BDO's affiliates. The following changes apply to BDO: (1) BDO and AFS entered into a Master Services Agreement (MSA) pursuant to which AFS will provide certain hardware, software and data assistance with operating BDO's ATS (CODA) (PII Item 6(b)); (2) certain service providers will continue their relationship with BDO through AFS pursuant to the MSA (PII Items 6(b) & 7(d) & PIII Items 6(a), 11(c) & 23(a)); (3) a BDO affiliate, Global Liquidity Partners, LLC (GLP), will provide certain end data assistance related to CODA (PII Items 5(c) & 6); (4) three new individuals will serve in roles (CEO, CCO and FinOp) that currently have confidential trading information (CTI) access (PII Items 6(a) & 7(d)); (5) CTI procedures relating to access changes, 3rd-party systems, electronic files, avoiding conflicts, quarterly reviews and recordkeeping (PII Item 7(a)); (6) additional requirements for dually registered officers and certain AFS & GLP personnel (PII Item 7(a)); (7) connectivity to CODA is no longer offered at NJ2 data center (PII Item 6(b) & PIII Item 6(a)); and (8) inclusion of Form BD schedules (PI Items 8 & 9). CODA PULSE functionality has been eliminated (PII Item 5 & PIII Items 3, 9 & 11). This change applies to all Subscribers and BDO |