Direct Edge ECN announced today statistical information regarding its volume for July 2008. Direct Edge reported over 988 million shares handled per day in July, representing a 248% year-over-year increase. Direct Edge’s handled market share in all U.S. equity securities was 10.06% for the month, with a 4.88% matched market share. Volume, handled market share, and matched market share were all-time highs.
The table below shows Direct Edge’s market share broken out by listing market:
|
Listing Market |
Handled
Market Share |
Matched
Market Share |
|
NYSE-listed |
11.14% |
4.66% |
|
Amex/NYSE Arca-listed |
5.50% |
3.39% |
|
NASDAQ-listed |
10.51% |
6.42% |
The number of shares executed in Direct Edge’s Enhanced Liquidity Provider (ELP) Program for July was 93.1 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
