Where Innovation meets Precision

Culvert Capital delivers a transparent, conflict-free, and technologically advanced trading solution designed to maximize competitive outcomes while ensuring seamless integration and full compliance. Our ATS is not just an execution tool — it’s a comprehensive liquidity gateway engineered for modern markets.

What is an ATS?

An Alternative Trading System (ATS) is a fast, broker-neutral liquidity pool that gives traders access to competitive quotes from top-tier liquidity providers in just 15 milliseconds. Orders are matched and routed to an exchange auction — helping you achieve better prices with minimal market impact and no conflicts of interest.

Fair, Efficient, Seamless

Orders are routed through a broker-neutral system, free from Payment for Order Flow (PFOF) conflicts ensuring unbiased execution.
Liquidity is sourced via competitive auctions inside the NBBO, offering clients meaningful opportunities for price improvement.
Market Impact is Minimized — only order size and side are disclosed, while price remains concealed until a match is found.
Integration is Frictionless — allowing clients to maintain their preffered front-ends and algorithmic strategies without disruption.
Transparent, Direct Competition among top-tier liquidity providers ensures every order receives the best possible execution enviroment.

Connecting

Buyers & Sellers

With the use of ATS

Where Innovation meets Precision

What is an ATS?

Fair, Efficient, Seamless

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