Direct Edge Adds Multicast, Taps Exegy

Jersey City, NJ-based ECN-turned-exchange Direct Edge, which last week announced its formal exchange launch, has rolled out a multicast version of its market data feed, and is using hardware ticker plants from St. Louis-based vendor Exegy to capture data from other US equity markets to identify the national best bid and offer and comply with the onward-routing requirements of Reg. NMS.

The exchange will continue to provide full depth-of-book market data from its two trading platforms - the

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The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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