JERSEY CITY, N.J., Aug. 6, 2008 (PRIME NEWSWIRE) -- Direct Edge ECN announced today statistical information regarding its volume for July 2008. Direct Edge reported over 988 million shares handled per day in July, representing a 248% year-over-year increase. Direct Edge's handled market share in all U.S. equity securities was 10.06% for the month, with a 4.88% matched market share. Volume, handled market share, and matched market share were all-time highs.
The table below shows Direct Edge's market share broken out by listing market:
Listing Market Handled Market Matched Market
Share Share
-----------------------------------------------------------------
NYSE-listed 11.14% 4.66%
-----------------------------------------------------------------
Amex/NYSE Arca-listed 5.50% 3.39%
-----------------------------------------------------------------
NASDAQ-listed 10.51% 6.42%
-----------------------------------------------------------------
The number of shares executed in Direct Edge's Enhanced Liquidity Provider (ELP) Program for July was 93.1 million (ADV), also an all-time high.
All volume and market share statistics reflect single-counted data across both Direct Edge trading platforms. 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 ECN
Direct Edge ECN offers the next generation of displayed markets. Through multiple platforms and unique order types, Direct Edge matches 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. Direct Edge is owned by a consortium that includes Knight Capital Group, Citadel Derivatives Group LLC, and The Goldman Sachs Group, Inc. Direct Edge's average daily volume in July 2008 was over 988 million shares. More information about Direct Edge is available at http://www.directedge.com. Everybody Needs Some Edge.
The Direct Edge logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4803