Direct Edge Vies for Exchange Status

- WatersTechnology Staff
- 09 Jan 2009

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The second exchange license is required because a single self-regulation organization (SRO) cannot oversee two matching engines without intra-system time priority between the two engines, which Direct Edge's EDGX and EDGA engines do not have, explains William O'Brien, CEO of Direct Edge.

While waiting for approval, the firm is developing the next generation of its matching engine that will incorporate the best features of the ECN matching engine and the ISE Stock Exchange matching engine, which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@waterstechnology.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@waterstechnology.com

More on Trading Tech

SS&C fights ‘Frankenstein’ perception with further Advent, Eze integration

With the Genesis platform as the tech stack’s foundation, the vendor is looking to provide a front-to-back offering that allows end-users a paced introduction to the cloud.

07 Oct 2024

Bloomberg ups focus on quants, intraday strategies

The vendor hopes its OHLC Bar data product will woo new audiences among quant traders and analysts, who have previously had to painstakingly build solutions in-house.

04 Oct 2024

DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.