JERSEY CITY, N.J., May 4, 2009 (GLOBE NEWSWIRE) -- Direct Edge announced today statistical information regarding its volume for April 2009. Direct Edge reported a record 2.13 billion shares handled per day in April, representing a 273% year-over-year increase. Direct Edge also set market share records for the fifth consecutive month in April, with a handled and matched share of 19.00% and 12.54%, respectively. 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 19.86% 11.73%
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NYSE Arca, NYSE Amex 18.63% 14.88%
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NASDAQ 16.97% 12.43%
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The number of shares executed in Direct Edge's Enhanced Liquidity Provider (ELP) Program for April was 162 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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