JERSEY CITY, N.J., Nov. 7, 2008 (GLOBE NEWSWIRE) -- Direct Edge ECN announced today statistical information regarding its volume for October 2008. Direct Edge reported 1.0 billion shares handled per day in October, representing a 112% year-over-year increase. Direct Edge's handled market share in all U.S. equity securities was 8.49% for the month, with a 4.95% matched market share.
The table below shows Direct Edge's market share broken out by listing market:
---------------------------------------------------------------------
Listing Market Handled Market Matched Market
Share Share
---------------------------------------------------------------------
NYSE-listed 9.35% 5.04%
---------------------------------------------------------------------
Amex/NYSE Arca-listed 5.27% 3.27%
---------------------------------------------------------------------
NASDAQ-listed 9.12% 6.17%
---------------------------------------------------------------------
The number of shares executed in Direct Edge's Enhanced Liquidity Provider (ELP) Program for October was 116.2 million (ADV). This figure breaks the old record for ELP volume, 110.4 million, which was set in September.
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 October 2008 was over 1 billion 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.globenewswire.com/newsroom/prs/?pkgid=4803