JERSEY CITY, N.J., April 6, 2009 (GLOBE NEWSWIRE) -- Direct Edge announced today statistical information regarding its volume for March 2009. Direct Edge reported a record 2.153 billion shares handled per day in March, representing a 251% year-over-year increase. Direct Edge also set market share records for the fourth consecutive month in March, with a handled and matched share of 17.50% and 10.59%, respectively. For the final twelve trading days of the month, Direct Edge's matched market share ranked third among all U.S. equity markets, behind only the NYSE and NASDAQ.
The table below shows Direct Edge's market share broken out by listing
market:
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Listing Market Handled Matched
Market Share Market Share
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NYSE 18.52% 9.99%
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NYSE Arca, NYSE Amex 16.17% 12.18%
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NASDAQ 15.79% 10.67%
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The number of shares executed in Direct Edge's Enhanced Liquidity Provider (ELP) Program for March was a record 201 million (ADV). The ADV for MidPoint Match(sm) was 9 million.
All volume and market share statistics reflect single-counted data across all Direct Edge trading destinations-EDGA, EDGX, and the ISE Stock Exchange. 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. With U.S. cash equities volume routinely exceeding 2 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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