Direct Edge ECN announced today statistical information regarding its volume for October 2008. Direct Edge reported 1.0 billion shares handled per day in October, representing a 112% year-over-year increase. Direct Edge’s handled market share in all U.S. equity securities was 8.49% for the month, with a 4.95% matched market share.
The table below shows Direct Edge’s market share broken out by listing market:
Listing Market |
Handled
Market Share |
Matched
Market Share |
NYSE-listed |
9.35% |
5.04% |
Amex/NYSE Arca-listed |
5.27% |
3.27% |
NASDAQ-listed |
9.12% |
6.17% |
The number of shares executed in Direct Edge’s Enhanced Liquidity Provider (ELP) Program for October was 116.2 million (ADV). This figure breaks the old record for ELP volume, 110.4 million, which was set in September.
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