Type | Stock exchange |
---|---|
Location | Jersey City, New Jersey, United States |
Founded | 1998 |
Closed | 2014 |
Owner | BATS Global Markets |
Key people | William O’Brien (Chief Executive Officer), Bryan Harkins (Chief Operating Officer).[1] |
Currency | United States Dollar (USD) |
Indices | US Equity indices |
Website | www |
Direct Edge was an American stock exchange that operated two separate platforms, EDGA Exchange and EDGX Exchange.[2] It was based in Jersey City, New Jersey and merged with BATS Global Markets in 2014.
Beginning in March 2009, Direct Edge's market share ranged from 9% to 12% of U.S. equities trading volume, and regularly traded one to two billion shares per day. Before their merger, Direct Edge jockeyed with BATS Trading to be the third largest stock market in the United States, behind the New York Stock Exchange and NASDAQ.