DIRECT EDGE REACHES NEW MATCHING AND
Posted February 11, 2009
NEW YORK – Direct Edge ECN LLC has announced that it matched more than
one billion shares on its platforms February 10 for the first time,
reaching 1.047 billion shares. In addition, the trading venue also
handled a record amount of volume, with 1.781 billion shares, over one
billion on EDGX.
Direct Edge also announced that it has surpassed The Nasdaq Stock Market
in supplying liquidity to the New York Stock Exchange, with 346.6
million total shares traded, behind only Merrill Lynch with 378.3
million total shares traded on February 10.
With its matching and volume milestones, Direct Edge now has handled market share of 14.4 percent and matched market share of 8.5 percent. Its matched market share has increased about 70 percent since October 2008, when it stood at 4.95 percent.