JERSEY CITY, N.J., Feb. 3, 2009 (GLOBE NEWSWIRE) -- Direct Edge announced today statistical information regarding its volume for January 2009. Direct Edge reported a record 1.27 billion shares handled per day in January, representing a 118% year-over-year increase. Direct Edge also set market share records for the second consecutive month in January, with a handled and matched share of 13.49% and 7.90%, respectively. Direct Edge's handled volume and market share ranked third among all U.S. equity markets for the month, behind only the NYSE and NASDAQ.
The table below shows Direct Edge's market share broken out by listing market:
Handled Matched
Listing Market Market Share Market Share
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NYSE 13.69% 7.51%
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NYSE Arca, NYSE Alternext 13.08% 8.54%
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NASDAQ 13.14% 8.30%
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The number of shares executed in Direct Edge's Enhanced Liquidity Provider (ELP) Program for January was 162.7 million (ADV). The ADV for MidPoint Match(sm) was 9.5 million (ADV).
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 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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