.jpg)
Direct Edge ECN announced that yesterday’s volume for its Enhanced Liquidity Provider (“ELP”) Program was over 100 million shares, the first time daily volume has crossed the 100 million share threshold. ELP volume crossed the 50 million share mark for the first time less than three months ago, on April 23. Direct Edge’s overall touched volume yesterday was a record 1.23 billion shares, the second time overall volume has crossed the billion share mark in the last week. ELP volume was 119 million shares, accounting for 9.73% of the total.
“Being the first market center to provide access to numerous pools of dark liquidity has given Direct Edge a substantial advantage in the marketplace,” said William O’Brien, Chief Executive Officer of Direct Edge ECN. “The extraordinary growth of ELP volume confirms the value proposition behind this innovation: bringing together both displayed and dark liquidity in a way that provides superior execution quality and flexibility for both sides of the trade.”
