JERSEY CITY, N.J., June 18, 2013 (GLOBE NEWSWIRE) -- Direct Edge®, the third largest stock exchange operator in the United States, announces EdgeRisk GatewaySM, 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 operations."
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 PortsSM 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.
CONTACT: Press Contact: Jim Gorman Direct Edge firstname.lastname@example.org 201-942-8234
Source: Direct Edge