# EDGAR Filing Document

**Accession Number:** 0001609177
**File Stem:** 0001609177-26-000006
**Filing Date:** 2026-2
**Character Count:** 2713
**Document Hash:** 4820ecaab7108fb0199e2118d7575f22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001609177-26-000006.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001609177-26-000006

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**EFFECTIVENESS DATE**: 20260227

**PERIOD START**: 20250101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEVEL MARKETS, LLC
- **CENTRAL INDEX KEY:** 0001609177

**ORGANIZATION NAME:**
- **EIN:** 465515706
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-69476
- **FILM NUMBER:** 26697279

**BUSINESS ADDRESS:**
- **STREET 1:** 10 POST OFFICE SQUARE
- **STREET 2:** 14TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-286-8080

**MAIL ADDRESS:**
- **STREET 1:** 10 POST OFFICE SQUARE
- **STREET 2:** 14TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KEZAR TRADING, LLC
- **DATE OF NAME CHANGE:** 20230406

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LUMINEX TRADING & ANALYTICS LLC
- **DATE OF NAME CHANGE:** 20141217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BEACON TRADING & ANALYTICS LLC
- **DATE OF NAME CHANGE:** 20140523

### Attached PDF Documents

**Attachment 1:** `lvl25s.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001609177

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** No

### Submission Information

**Report Period Begin Date:** 01-01-2025

**Report Period End Date:** 12-31-2025

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** LEVEL MARKETS, LLC

**Business Address:** 10 POST OFFICE SQUARE, 14TH FLOOR, BOSTON, NY, 02109

**Contact Person:** Michael Stupay

**Contact Phone:** 617-904-3749

### Independent Public Accountant Identification

**Accountant Name:** WithumSmith Brown PC

**Accountant Address:** 200 Jefferson Park, Whippany, NJ, 07981

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Michael Stupay**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **LEVEL MARKETS, LLC**, as of **12-31-2025**, are true and correct.

**Signature:** Michael Stupay

**Title:** CFO and Financial and Operations Principal