JERSEY CITY, N.J., Dec. 3, 2008 (GLOBE NEWSWIRE) -- Direct Edge announced today statistical information regarding its volume for November 2008. Direct Edge reported 1.06 billion shares handled per day in November, representing a 63% year-over-year increase. Direct Edge's handled market share in all U.S. equity securities was 9.80% for the month, with a 5.49% matched market share.
The table below shows Direct Edge's market share broken out by listing market:
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Listing Market Handled Market Matched Market
Share Share
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NYSE-listed 10.76% 5.54%
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Amex/NYSE Arca-listed 6.47% 4.05%
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NASDAQ-listed 10.56% 6.78%
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The number of shares executed in Direct Edge's Enhanced Liquidity Provider (ELP) Program for November was a record 124.8 million (ADV). November is the third straight month of record-setting ELP volume.
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
Direct Edge 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 November 2008 was over 1 billion shares. More information about Direct Edge is available at http://www.directedge.com. Everybody Needs Some Edge.
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