15 May 2009

Co-Authors

Justin Schack

VP Market Structure Analysis

Joe Gawronski

President

Rosenblatt Securities Inc.
New York +1 212 607 3100
Dublin +353 1 855 9125

Enquiries to
globalexchangeanalysis@rblt.com

Rosenblatt’s Market Structure News Digest
Global Exchanges and Market Centers

 

Direct Edge Files Exchange Applications with the SEC
—Press Release

Direct Edge announced today that it has formally filed two Form 1 applications with the Securities and Exchange Commission in order to register its ECN trading systems, EDGX and EDGA, as facilities of two newly-created national securities exchanges.

Direct Edge May Do IPO in 12-18 Months
—Reuters

Direct Edge, an electronic stock trading platform, may go public as soon as 12 to 18 months from now, and expects to boost revenue and cut costs once U.S. regulators award it exchange status, Chief Executive William O'Brien said.

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