Volume for both of Direct Edge’s Exchanges–EDGA and EDGX–is made available monthly on a consolidated basis and is updated dynamically at www.directedge.com
on a per market center basis.
The following are definitions and procedures used to calculate volume and market share data for Direct Edge:
Handled Market Share
Matched Market Share
Data represents total Direct Edge share volume for all U.S. exchange-listed equity securities, expressed as a percentage of total consolidated market volume, reported to the consolidated tape.
- Volume handled between both Direct Edge Exchanges (shares routed between EDGA and EDGX) is single-counted and reflected in the volume of the Exchange that was the original source of liquidity.
Additional Notes on Data Calculation
Data represents total Direct Edge share volume for all U.S. exchange-listed equity securities executed on Direct Edge-operated systems, expressed as a percentage of total consolidated market volume, which includes all volume executed on EDGA and EDGX.
- All volume is single-counted within and between both of Direct Edge’s Exchanges—EDGA and EDGX.
- Total consolidated market volume, used to calculate Handled Market Share and Matched Market Share, is based on consolidated data feeds.
- Activity on days when the market closes early is not used when calculating Average Daily Volume.
Direct Edge believes the data presented is reliable, but does not guarantee its accuracy or completeness.