Alternative Trading System (ATS) Advisory Services

Alternative Trading Systems: A Brave New World

Private companies have seen a steady stream of capital investment flow onto their balance sheets over the last few decades, often generating strong growth and valuation expansion.
 

But what is the exit strategy? Not all private companies will be acquired or complete a traditional IPO.
 

There are also small public companies (non-NMS securities) that are often overlooked and underserved in public markets, and may benefit from a properly structured Alternative Trading System (ATS) platform.
 

ATSs are emerging as an important vehicle for price discovery, secondary liquidity, and efficient matching of buy and sell orders in private and thinly traded securities.

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An ATS can also serve as a structured pathway toward becoming a public company. A well-positioned ATS with a clear market structure and defined use case enables clients and partners to create liquid, fair, and orderly trading environments. In these transparent markets, competitive bidding helps validate asset prices and support valuation credibility.
 

An ATS can also facilitate trading beyond traditional equity securities. Modern ATS platforms may support alternative asset classes such as private company shares, real estate interests, music catalogues, digital assets, and even fine art, expanding access to secondary markets.
 

Solidus helps ATS operators, issuers, broker-dealers, and third parties — including money management firms, understand, structure, and optimize this market opportunity within existing regulatory frameworks.
 

Solidus Advisors helps market participants understand the strategic, operational, and regulatory considerations involved in launching and operating an ATS — and how to successfully implement a compliant and scalable trading venue.
 

ATSs represent an evolving and transformative segment of the capital markets ecosystem.