Direct Edge announced today statistical information regarding its volume for December 2008. Direct Edge reported 1.1 billion shares handled per day in December, representing a 108% year-over-year increase. Direct Edge’s handled market share in all U.S. equity securities was 12.26% for the month, with a 6.93% matched market share—both record highs. For volume handled in the month of December, Direct Edge was the third largest U.S. cash equities marketplace.
“2008 was a year of phenomenal growth for Direct Edge,” said William O’Brien, Chief Executive Officer of Direct Edge. “Our handled market share is up more than 40% from last December and our matched market share has increased by over 60%. We look forward to continued growth as we follow our path to exchange status.”
The table below shows Direct Edge’s market share broken out by listing market:
|
Listing
Market |
Handled Market Share |
Matched Market Share |
|
NYSE |
13.49% |
7.10% |
|
NYSE Arca, NYSE Alternext |
8.87% |
5.55% |
|
NASDAQ |
12.14% |
7.83% |
The number of shares executed in Direct Edge’s Enhanced Liquidity Provider (ELP) Program for December was a record 169.5 million (ADV). The ADV for MidPoint MatchCM was 8.5 million.<>p>
All volume and market share statistics reflect single-counted data across all Direct Edge trading destinations—EDGA, EDGX, and the ISE Stock Exchange. December is the first month the ISE Stock Exchange’s volume is being included in Direct Edge’s overall total. ISE Stock Exchange volume for the entire month is included. Direct Edge took operational control of ISE Stock Exchange on December 23, 2008. For a detailed explanation of Direct Edge’s volume and market share terminology and methodology, please see http://www.directedge.com/marketshare_terminology.aspx
