Direct Edge ECN announced today statistical information regarding its volume for September 2008. Direct Edge reported a record 1.1 billion shares handled per day in September, representing a 205% year-over-year increase. Direct Edge’s handled market share in all U.S. equity securities was 9.63% for the month, with a 5.44% matched market share.
The table below shows Direct Edge’s market share broken out by listing market:
Listing
Market |
Handled Market Share |
Matched Market Share |
NYSE-listed |
10.87% |
5.69% |
Amex/NYSE
Arca-listed |
5.48% |
3.35% |
NASDAQ-listed |
9.67% |
6.45% |
The number of shares executed in Direct Edge’s Enhanced Liquidity Provider (ELP) Program for September was 110.4 million (ADV), also an all-time high.
All volume and market share statistics reflect single-counted data across both Direct Edge trading platforms. For a detailed explanation of Direct Edge’s volume and market share terminology and methodology, please see http://www.directedge.com/marketshare_terminology.aspx
