Tag: Direct Edge

Bats Global Markets & Direct Edge: A Brazilian Love Story?

It has been a couple of crazy weeks. I am not referring to geo-political issues, but the markets. Goldman Sachs wrested the title of “Most Embarrassing Algo Screw Up” away from Knight Capital and an exchange-connectivity issues halted Nasdaq-listed trading for close to three hours. Either incident could keep a financial-technology writer busy for a while. However, when…

Direct Edge Announces Retail Pilot

Pending approval by the US Securities and Exchange Commission (SEC), all four leading US cash equities exchanges will segment retail order soon as Direct Edge plans to launch a retail order designation pilot for its EDGX exchange sometime in December, according to exchange officials. The new designation lets those submitting retail order use a yet-unreleased rate…