In the first six years of existence in the national stock exchange market, it can’t be denied that DirectEdge has become one of the fastest developing stock exchange firms in the US. This company first operated as an Electronic Communications Network (EC N), offering services that connect players in the stock market so that there will be no need for a third-party for the trading amongst them. Because of its incomparable excellence in all of its endeavors, this company eventually transformed into a full-grown licensed stock exchange, as approved by the US Securities Exchange and Commission (SEC) in 2010.
The innovative mindset of the brilliant minds in the company has enabled the development of its two groundbreaking exchange platforms. One of these is the EDGA exchange platform. It is offered for free with the purpose of providing and taking liquidities. The other platform is the EDGX exchange, which is in line with charging liquidity takers and rebating liquidity providers. These two exchange platforms were officially launched on July of 2010. As separate entities, EDGA and EDGX have their own targeted customer bases. Within 11 months, the combined shares of these two platforms reached around 13% of the overall US equities trading volume.
Apart from the said exchange platforms, Direct Edge currently offers the Enhanced Liquidity Provider (ELP) Program. This pioneering program is basically centered on providing the subscribers integrated access to a matrix of displayed and dark liquidity sources. In this way, the company achieves an improved trading improvement as it increases the opportunity of each subscriber to improve its value and size while lowering the potential impact of the market. Launched in the spring of 2006, the ELP program has enabled the company to execute a volume of more than 40 million shares per day. This notable accomplishment has significantly extended the popularity and credibility of the company throughout the entire US.
Meanwhile, Direct Edge also gives importance in participating with non-profit and charitable activities in the community as a responsible member of the marketplace. As a matter of fact, the company has established the “Good Deeds” program, whose main mission is to provide financial support to local charities within the surrounding area. Some of these charities are the York Street Project, the St. Joseph’s School for the Blind, and the Hudson County Child Abuse Prevention Center. Other than that, this company has also been supporting the activities of several eco-friendly projects in the country.