-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Veq9WcVGrB9Z5xWeRtmbTdtFGET7MesoDqSyhXiCgObzH+DiZDIXlGXPQkOfAisp
 LzDz4vfURSy74UsYMVyvrg==

<SEC-DOCUMENT>0001413626-09-000002.txt : 20090723
<SEC-HEADER>0001413626-09-000002.hdr.sgml : 20090723
<ACCEPTANCE-DATETIME>20090723160842
ACCESSION NUMBER:		0001413626-09-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090723
DATE AS OF CHANGE:		20090723
EFFECTIVENESS DATE:		20090723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Level III Trading Partners LP
		CENTRAL INDEX KEY:			0001413626
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AL

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-109073
		FILM NUMBER:		09959497

	BUSINESS ADDRESS:	
		STREET 1:		28490 2nd Street
		CITY:			Daphne
		STATE:			AL
		ZIP:			36526
		BUSINESS PHONE:		(504) 957-7902

	MAIL ADDRESS:	
		STREET 1:		28490 2nd Street
		CITY:			Daphne
		STATE:			AL
		ZIP:			36526
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001413626</cik>
        <entityName>Level III Trading Partners LP</entityName>
        <issuerAddress>
            <street1>220 HECTOR AVENUE</street1>
            <street2></street2>
            <city>METAIRIE</city>
            <stateOrCountry>LA</stateOrCountry>
            <zipCode>70005</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>504-957-7902</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>ALABAMA</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>BRUCE</firstName>
                <middleName></middleName>
                <lastName>GWYN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>220 HECTOR AVENUE</street1>
                <street2></street2>
                <city>METAIRIE</city>
                <stateOrCountry>LA</stateOrCountry>
                <zipCode>70005</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Not Applicable</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-07-042128</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-08-13</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>1055000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>2</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>14</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Level III Trading Partners LP</issuerName>
                <signatureName>BRUCE GWYN</signatureName>
                <nameOfSigner>BRUCE GWYN</nameOfSigner>
                <signatureTitle>MANAGER OF GP, LEVEL III MANAGEMENT, LLC</signatureTitle>
                <signatureDate>2009-07-23</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----