Direct Edge broke its all-time daily volume mark today, handling 2.037 billion shares, as of 4:30 p.m. Eastern Time. Direct Edge also set a market share record for the day, with a matched market share of 9.18%.
“During this challenging time for investors and traders, we are honored by the faith our customers place in us,” said William O’Brien, Chief Executive Officer of Direct Edge. “We will continue to provide the pricing, innovation, and service that have contributed to our achievement of this milestone as we look to create an enduring franchise.”
Direct Edge first handled one billion shares in a single day on July 14, 2008 and first matched one billion shares on February 10, 2009. Direct Edge is the fastest growing major market center for U.S. cash equities and ranks as the third largest overall as measured by handled volume.