Direct Edge Debuts New Features
Traders Magazine, May 2008
Direct Edge ECN has rolled out several new product enhancements aiming to improve trading on its markets. Traders sending hidden orders to Direct Edge's two platforms, EDGA and EDGX, can now opt for a minimum execution quantity. Hidden orders are typically sent by algos that don't want to show their hand, and that want to interact with the liquidity with minimal market impact. The minimum quantity feature allows that to occur, said Bryan Harkins, head of sales and strategy at Direct Edge.
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