Real-Time Market Data from the Third Largest US Stock Exchange Operator to be Disseminated by one of the Nation’s Largest Providers of Market Data
Direct Edge®, the third largest stock exchange operator in the United States, today announced that EdgeBook DepthSM, a product that provides full depth of book information from Direct Edge’s EDGA Exchange, Inc.SM (EDGA®) and EDGX Exchange, Inc.SM (EDGX®), is now available through Interactive Data Corporation’s Consolidated Feed. EDGA and EDGX together serve as the transaction venue for more than 11 percent of U.S. cash equities trading1 and comprise the top exchange destination for retail order flow from the largest discount brokerage houses.2
“This is a significant distribution channel for Direct Edge and we are confident that Interactive Data’s network of clients, coupled with our very competitive pricing and unique market position, will greatly increase the visibility and adoption of our market data,” said Direct Edge Chief Operating Officer Bryan Harkins. “We are the number one exchange destination for retail order flow from discount brokerage houses and have built a diverse marketplace from a wide range of liquidity participants. I believe that our data will prove of great value to Interactive Data clients.”
The Interactive Data Consolidated Feed delivers low latency data from more than 450 sources worldwide. The sources in the Consolidated Feed cover more than 150 exchanges, 110 contributors of OTC data and include multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications.
“Direct Edge has quickly established itself as one of the major stock exchange operators in the United States,” said Glenn Wasserman, Senior Vice President and global head of product management for Interactive Data's Trading Solutions business. “It is a trading venue that complements our product offering with its diverse liquidity and ability to deliver added value to our clients’ strategies.”
1. Based on total consolidated market share reported in the 2nd Quarter of 2013.
2. Based on SEC Rule 606 Reports on Routing of Customer Orders of the top U.S. discount broker-dealers in the 1st Quarter of 2013.