Direct Edge passes one billion daily trades

Source: Direct Edge

Direct Edge ECN broke its all-time daily volume mark on Friday, July 11, handling 1.05 billion shares.

Direct Edge is one of only four U.S. equities trading venues to have ever surpassed the billion share mark in a single day of trading.

"Today marks a significant milestone in Direct Edge's history, and we are grateful for the trust our customers have placed in us," said William O'Brien, Chief Executive Officer of Direct Edge. "As we continue on our path of historic growth, we will look to combine our tradition of innovation and a plan of execution that benefits our customers and takes Direct Edge to even greater accomplishments."

Direct Edge's handled market share in all U.S. equity securities for the day was 9.51%, with a 4.65% matched market share, both above the monthly averages for Direct Edge in June.

All volume and market share statistics reflect single-counted data across both Direct Edge trading platforms.

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