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Effective immediately, Direct Edge® has updated the requirements for designating Retail Orders for Members that submit orders to EDGX Exchange, Inc. (EDGX®) on behalf of their retail customers. Members can now designate an order as a Retail Order: (i) if they meet a pre-defined set of criteria described in footnote 4 to the EDGX Fee Schedule and (ii) submit a signed Attestation Form that they have implemented policies and procedures that are reasonably designed to ensure that substantially all orders designated as Retail Orders comply with such criteria.
In addition, EDGX codified in its fee schedule certain supervisory procedural requirements for Members that represent Retail Orders from another broker-dealer customer.
Refer to footnote 4 in the EDGX Fee Schedule for more details.
More Information
- To begin designating Retail Orders, complete and submit the Attestation Form to Direct Edge Member Services.
- Refer to footnote 4 in the EDGX Fee Schedule.
- Refer to Direct Edge Trading Notice #12-53.
- Download the Retail Order Fact Sheet or refer to the Retail Orders page on the Direct Edge website.
