DIRECT EDGE EXTENDS TRADING HOURS FOR FINRA MEMBERS

Posted January 14, 2009

NEW YORK – Direct Edge ECN LLC will start extending its trading hours to 8 a.m. until 8 p.m. Eastern Time, beginning January 20. FINRA members who are customers will be able to trade until 8 p.m.

Until that date, good-til-cancelled (GTC) orders on Direct Edge expire at 5 p.m. Non-FINRA members will still have GTC orders expire at 5 p.m. after the hours for members are extended.

In addition, only stocks that are quotable on the ISE Stock Exchange will be available to trade from 5 p.m. until 8 p.m.