Direct Edge Introduces EdgeRisk Gateway
Dedicated Access Gateway Offering Mitigates the Risk of Trading Disruptions
JERSEY CITY, N.J., June 18, 2013 (GLOBE NEWSWIRE) -- Direct Edge®, the third
largest stock exchange operator in the United States, announces EdgeRisk
Gateway^SM, a new risk management tool that provides a dedicated access
gateway for trading on the EDGA Exchange (EDGA®) and EDGX Exchange (EDGX®).
EdgeRisk Gateway is an optional, fee-based service available to market
participants who want additional protection against the potential risks of
shared infrastructure. Such risks can include performance degradation or
disruptions in service resulting from sharp increases in the order activity of
other Exchange members.
"We have been developing the EdgeRisk suite of risk mitigation tools in close
consultation with our client base and in consideration of a broad spectrum of
risk considerations," said Kevin Carrai, Head of Connectivity and Member
Services at Direct Edge."This product responds to those clients who want the
option to purchase a dedicated gateway or operate a mix of shared and
dedicated gateways to layer more risk mitigation into their trading
Access gateways perform order validations and manage the flow of information
between the order matching engines and the EDGX and/or EDGA Member.
EdgeRisk Gateway joins EdgeRisk Controls^® and EdgeRisk Ports^SM in the
EdgeRisk product suite.
EdgeRisk Gateway subscriptions are available on a month-to-month basis with a
30-day cancellation policy.
Direct Edge is one of the leading stock exchange operators in the United
States and globally.Headquartered in Jersey City, New Jersey, Direct Edge
offers dynamic trading functionality across two distinct platforms, EDGA and
EDGX, as well as connectivity and market data services.Its commitment to
innovation and superior customer service helps its Members move their business
lives forward.In November of 2011, Direct Edge announced plans to expand
internationally with the opening of Direct Edge Brazil, a Rio de Janeiro-based
electronic stock exchange for the trading of Brazilian equities. Direct Edge
is owned by a consortium that includes affiliates of Citadel LLC; Goldman
Sachs Group, Inc.; International Securities Exchange, LLC.; JPMorgan Chase &
Co.; and Knight Capital Group, Inc.More information is available at
www.directedge.com and www.directedge.com.br.
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