JERSEY CITY, N.J., July 14, 2008 (PRIME NEWSWIRE) -- Direct Edge ECN broke its all-time daily volume mark on Friday, July 11, handling 1.05 billion shares. Direct Edge is one of only four U.S. equities trading venues to have ever surpassed the billion share mark in a single day of trading.
"Today marks a significant milestone in Direct Edge's history, and we are grateful for the trust our customers have placed in us," said William O'Brien, Chief Executive Officer of Direct Edge. "As we continue on our path of historic growth, we will look to combine our tradition of innovation and a plan of execution that benefits our customers and takes Direct Edge to even greater accomplishments."
Direct Edge's handled market share in all U.S. equity securities for the day was 9.51%, with a 4.65% matched market share, both above the monthly averages for Direct Edge in June.
All volume and market share statistics reflect single-counted data across both Direct Edge trading platforms. For a detailed explanation of Direct Edge's volume and market share terminology and methodology, please see http://www.directedge.com/marketshare_terminology.aspx
About Direct Edge ECN
Direct Edge ECN offers the next generation of displayed markets. Through multiple platforms and unique order types, Direct Edge matches complementary forms of liquidity based on sensitivity to transaction cost, fill rate, fill speed, and contra-side sophistication while maintaining high execution quality and low latencies. Direct Edge is owned by a consortium that includes Knight Capital Group, Citadel Derivatives Group LLC, and The Goldman Sachs Group, Inc. Direct Edge's average daily volume in June 2008 was 720 million shares. More information about Direct Edge is available at http://www.directedge.com. Everybody Needs Some Edge.
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