Direct Edge Files Short Sale Regulation Comment Letter With The SEC

Direct Edge announced that yesterday it filed a comment letter with the Securities and Exchange Commission on the subject of anticipated short sale regulation. A copy of the letter can be found on the home page of the Direct Edge web site, www.directedge.com.

To summarize its position, Direct Edge supports an approach that combines continued strict enforcement of existing stock locate, borrow and delivery regulations with appropriate transparency of short positions. Direct Edge also urges restraint in the wake of calls for broad-based market structure modifications, which it believes would have little efficacy and could damage the liquidity and efficiency of U.S. equities markets.