JERSEY CITY, N.J., May 21, 2013 (GLOBE NEWSWIRE) -- Direct Edge®, the third largest stock exchange operator in the United States, announces EdgeRisk Ports, a risk mitigation service which offers market participants dedicated test ports to evaluate the readiness of their systems that connect to the EDGX and EDGA exchanges. EdgeRisk Ports permits only designated test symbols to be transmitted to the production environment. This provides a rigorous simulation of exchange conditions while eliminating the risk of a live order executing during testing. This service will be available in June, 2013.
"We want to provide the best possible user experience on our exchanges," said Kevin Carrai, Head of Connectivity and Member Services at Direct Edge. "For many, that means having the choice to thoroughly test their systems in a setting that delivers the same outcomes as a live trading session. EdgeRisk Ports is a powerful risk mitigation tool for ensuring that trading software and infrastructure upgrades perform as intended."
EdgeRisk Ports is an optional service that can facilitate testing at any time during the trading day including pre- and post-trading hours, eliminating the need for reserving specific testing times or waiting for industry-wide user tests.
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.
CONTACT: Press Contact: Jim Gorman Direct Edge firstname.lastname@example.org 201-942-8234
Source: Direct Edge