Direct Edge announced today statistical information regarding its volume for August 2009. Direct Edge reported 1.75 billion shares handled per day in August, representing a 119% year-over-year increase. Direct Edge had a record matched share of 12.90%. Direct Edge’s matched market share ranked third among all U.S. equity markets, behind only the NYSE and NASDAQ.
The table below shows Direct Edge’s market share broken out by listing market:
|
Listing
Market |
Handled Market Share |
Matched Market Share |
|
NYSE |
19.96% |
12.91% |
|
NYSE Arca, NYSE Amex |
15.59% |
12.55% |
|
NASDAQ |
16.29% |
13.12% |
In NASDAQ-listed stocks, Direct Edge surpassed NYSE/Arca to become the second largest trading destination.
The number of shares executed in Direct Edge’s Enhanced Liquidity Provider (ELP) Program for August was 108 million (Average Daily Volume). The ADV for MidPoint MatchSM was 7 million.
All volume and market share statistics reflect single-counted data across all Direct Edge trading destinations—EDGA, EDGX, and the ISE Stock Exchange. For a detailed explanation of Direct Edge’s volume and market share terminology and methodology, please see http://www.directedge.com/marketshare_terminology.aspx
