JERSEY CITY, N.J., Feb. 7, 2012 (GLOBE NEWSWIRE) -- Direct Edge, one of the world's leading equities exchange operators, won the 2012 WSL Institutional Trading Award for Best Overall Exchange Operator. The WSL Institutional Trading Awards, organized by leading trade publication Wall Street Letter and determined by a panel of independent judges, recognize brokerage firms, exchanges and financial technology companies for achievements and innovation over the past year.
"We strive to put the success of our members and customers as our prime focus," said William O'Brien, Chief Executive Officer of Direct Edge. "We are especially gratified to receive this award given it reflects a validation of our commitment to innovation and partnering with our members to move their business lives forward."
Direct Edge received the award at a gala awards ceremony at Cipriani 42nd Street in Manhattan last night.
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. Everybody Needs Some Edge.
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