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Rebates for Adding Liquidity & Charges for Removing or Routing Liquidity per Share for Tape A, B & C Securities, as of January 1, 2010:

Platform Adding Liquidity Removing Liquidity Routing Liquidity
EDGX (All Tapes) $(0.0029)[1] $0.0029 $0.0029
EDGA (All Tapes) $0.0002 $(0.0002)[1] $0.0029
EDGX < $1.00 (All Tapes) (0.15% of Dollar Value) 0.30% of Dollar Value 0.30% of Dollar Value
EDGA < $1.00 (All Tapes) FREE FREE 0.30% of Dollar Value
 
 

See the complete Fee Schedule for important terms and conditions.

 

Welcome

Direct Edge offers the next generation of displayed markets. With U.S. cash equities volume routinely exceeding 1 billion shares per day, Direct Edge uses multiple ECN and exchange platforms and unique order types to match complementary forms of liquidity based on sensitivity to transaction cost, fill rate, and fill speed, while maintaining high execution quality and low latencies. Our innovative business model creates opportunities for the trading community unlike any other market center. This is what the future of trading looks like.

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On December 3, 2009 Congress introduced a securities transaction tax  that threatens to disrupt the efficiency and stability in the marketplace that benefits retail and institutional investors alike. Support the industry and preserve its integrity by writing your Congressman today in opposition of the proposal. To find your local elected official as well as information on other important issues and legislation, visit the STA Traders Advocate site.

 

Direct Edge News
3/10/2010-Direct Edge Billing Procedures

New Exchange Procedure
Read More >>
12/22/2009-Direct Edge Update

Direct Edge Year End Update
Read More >>
10/29/2009-Direct Edge Update

New Fee Schedule for EDGA
Read More >>
10/26/2009-Press Release

Direct Edge Promotes Glen Badach to Chief Financial Officer
Read More >>
10/2/2009-Direct Edge Update

Modified Rules to Clearly Erroneous Filings
Read More >>
All Direct Edge News

 

Direct Edge Applies to SEC
for Two Exchange Licenses

Once approved, Direct Edge plans to launch two new, state of-the-art trading platforms.  For more information on our next-generation platforms, please click here.

SEC Comment Letters

Click here to view Direct Edge's November 20th comment letter about the proposed ban on flash orders.

Click here to view Direct Edge's October 26th short sale regulation follow up comment letter.

ISE Stock Exchange
Now Part of Direct Edge

Now that the transaction has closed, the International Securities Exchange is a strategic partner of Direct Edge and the ISE Stock Exchange is a wholly owned subsidiary of Direct Edge Holdings. Click here for further details.

 

 

Total Volume includes matched and routed volume for both EDGA and EDGX. ELP volume includes shares matched involving enhanced liquidity providers.  All shares are single-counted.  For further details, click here.

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Direct Edge ECNsm is a service mark of DirectEdge ECN LLC. Direct Edge ECN is operated by Direct Edge ECN LLC, a member of FINRA and SIPC.