JERSEY CITY, N.J., Oct. 13, 2011 (GLOBE NEWSWIRE) -- Direct Edge Holdings (Direct Edge) today issued the following statement in response to the U.S. Securities and Exchange Commission's (SEC) censure of the EDGA Exchange, Inc. and EDGX Exchange, Inc. in conjunction with the settlement of an administrative proceeding to resolve issues in connection with two separate systems incidents.
"Direct Edge understands and embraces the responsibilities that come with being a registered national securities exchange. Several months ago, we developed a comprehensive plan to ensure the fulfillment of our obligations in a sustainable, repeatable and demonstrable way. We have vigorously executed on this plan, with significant investments made to enhance our technology, personnel and processes. Our entire organization stands committed to these efforts and conducting ourselves as a model exchange operator."
More information about Direct Edge is available at www.directedge.com.
About Direct Edge
Direct Edge, America's newest stock exchange, offers the next generation of displayed markets. Direct Edge utilizes two independent 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.
(C) 2011 Direct Edge Inc. All rights reserved.
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