Direct Edge Expands Attributed Quote Program

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Direct Edge filed a proposal with the Securities and Exchange Commission today, Tuesday, April 22, to introduce a standard "retail" attribution, which it expects to introduce to its market in early June─following a mandatory SEC period to allow for comments responding to the proposal─as part of the next software release of its trading platform.

Currently, most of the trading on Direct Edge's EDGX market is conducted on an anonymous basis, with 10 percent now attributed to specific firms placing

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