Direct Edge Files Exchange Applications With The SEC - Third Largest U.S. Stock Market Seeks Two Exchange Licenses

Direct Edge announced today that it has formally filed two Form 1 applications with the Securities and Exchange Commission in order to register its ECN trading systems, EDGX and EDGA, as facilities of two newly-created national securities exchanges.

“The filing of our exchange applications is an important milestone for Direct Edge,” said William O’Brien, Chief Executive Officer of Direct Edge. “As the third-largest stock market operator in the U.S. – and the world – we look forward to continuing the application process in order to join the ranks of registered exchanges.”