JERSEY CITY, N.J., March 2, 2009 (GLOBE NEWSWIRE) -- Direct Edge broke its all-time daily volume mark today, handling 2.037 billion shares, as of 4:30 p.m. Eastern Time. Direct Edge also set a market share record for the day, with a matched market share of 9.18%.
"During this challenging time for investors and traders, we are honored by the faith our customers place in us," said William O'Brien, Chief Executive Officer of Direct Edge. "We will continue to provide the pricing, innovation, and service that have contributed to our achievement of this milestone as we look to create an enduring franchise."
Direct Edge first handled one billion shares in a single day on July 11, 2008 and first matched one billion shares on February 10, 2009. Direct Edge is the fastest growing major market center for U.S. cash equities and ranks as the third largest overall as measured by handled volume.
About Direct Edge
Direct Edge offers the next generation of displayed markets. With U.S. cash equities volume routinely exceeding 1 billion shares per day, Direct Edge uses multiple ECN and exchange platforms and unique order types to match 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. Headquartered in Jersey City, N.J., Direct Edge is owned by a consortium that includes the International Securities Exchange, Knight Capital Group, Inc., Citadel Derivatives Group, The Goldman Sachs Group, and J.P. Morgan. More information about Direct Edge is available at http://www.directedge.com. Everybody Needs Some Edge.
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