// INSTITUTIONAL RECON

INSTITUTIONAL RECONBETA

Curated intelligence sources, institutional research, and primary data feeds that power our analysis. Direct links to the source material.

MARKET STRUCTURE

TABB Forum

Capital markets technology and trading research. Industry-standard for market structure analysis.

ATSMarket StructureTechnology

SEC EDGAR — ATS-N Filings

Primary source for Alternative Trading System filings, amendments, and operational disclosures.

RegulatoryATS-NSEC

FINRA ATS Transparency Data

Weekly OTC and NMS stock volume data for all registered Alternative Trading Systems.

Volume DataATSFINRA

OVERNIGHT & 24-HOUR TRADING

BlueOcean ATS

The largest U.S. overnight alternative trading system by volume. Lit CLOB operating 8 PM – 4 AM ET.

BOATSOvernightLit Pool

24X National Exchange

First SEC-approved 24-hour national securities exchange. Full overnight lit book launching 2025.

24XExchange24-Hour

Bruce Markets (Nasdaq)

Nasdaq-powered overnight matching engine backed by Fidelity, Robinhood, and Webull.

BruceNasdaqOvernight

INSTITUTIONAL RESEARCH

Greenwich Associates (Coalition Greenwich)

Institutional trading analytics, market share studies, and execution quality benchmarks.

InstitutionalAnalyticsBenchmarks

Healthy Markets Association

Investor-focused market structure advocacy. Best-execution research and transparency reports.

AdvocacyBest ExecutionTransparency

Rosenblatt Securities

Market structure research, dark pool rankings, and venue analytics quarterly reports.

Dark PoolsRankingsResearch

REGULATORY & COMPLIANCE

SEC Rule Proposals

Active SEC rule proposals affecting ATS operations, Reg NMS, and market structure reform.

SECRulemakingReg NMS

FINRA Regulatory Notices

FINRA guidance on ATS reporting, best execution, and broker-dealer obligations.

FINRAComplianceNotices

OTC Markets Group

OTC venue operator and parent of Moon ATS. Real-time OTC market data and transparency tools.

OTCMoon ATSTransparency

MACRO & GEOPOLITICAL

GDELT Project

Global event database monitoring the world's broadcast, print, and web news in real-time.

GeopoliticalEventsReal-Time

Federal Reserve Economic Data (FRED)

800,000+ economic time series. Treasury yields, employment, CPI, and macro indicators.

MacroEconomic DataFed

Coming Soon

Sapinover Research Blog + ATS RSS Feed

Original analysis on overnight trading trends, ATS regulatory changes, and market microstructure developments. Automated RSS feed for the latest ATS-related news and filings.

Get Notified When We Launch

EXPANDING COVERAGE

Additional content and analysis coming soon. Interested in contributing research or becoming a strategic sponsor?

CONTRIBUTE OR SPONSOR

External links are provided for reference only. Sapinover does not endorse, guarantee, or assume responsibility for the content, accuracy, or practices of any third-party websites. No investment recommendations are made herein.