JERSEY CITY, N.J., Sept. 14, 2009 (GLOBE NEWSWIRE) -- Direct Edge announced today that it has received notice from the Securities and Exchange Commission ("SEC") that the exchange applications for EDGA and EDGX have been published on the SEC web site and are available for public comment.
"Exchange status is an important goal for Direct Edge, and publication of our applications is an essential milestone," said William O'Brien, Chief Executive Office of Direct Edge. "We look forward to continuing to work with the SEC and our customers as we continue to move along in the application process."
About Direct Edge
Direct Edge offers the next generation of displayed markets. With U.S. cash equities volume routinely exceeding 1.5 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, and fill speed, 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.