JERSEY CITY, N.J., March 15, 2011 (GLOBE NEWSWIRE) -- Direct Edge announced today that Steven Bonanno will step down as Chief Technology Officer in May 2011. Direct Edge has commenced an active search for Bonanno's replacement.
William O'Brien, Chief Executive Officer, Direct Edge, said, "Steve has been a valued member of my executive team since Direct Edge began operating as an independent company, and played an integral role in Direct Edge's successful transition to its new exchange technology platform last July. I am incredibly grateful to him for the contribution he has made to Direct Edge in his tenure here, and wish him success and happiness in all his future endeavors."
About Direct Edge
Direct Edge, America's newest stock exchange, offers the next generation of displayed markets. With U.S. cash equities volume routinely exceeding 1 billion shares per day, Direct Edge uses dual 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.
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