Direct Edge
Bats, Direct Edge Receive SEC Merger Approval
Bats Global Markets and Direct Edge have announced that the US Securities and Exchange Commission (SEC) has given the green light for their planned merger.
Merger MegaDeals Lead Exchanges to Mull Tech/Data Integrations
The IntercontinentalExchange (ICE) this week announced the successful completion of its $11 billion stock and cash acquisition of NYSE Euronext. But challenges still lie ahead for the two exchanges, which now face the prospect of a much greater…
Will Consolidation or Fragmentation Follow NYSE–ICE, Bats–Direct Edge?
NYSE Euronext–IntercontinentalExchange (ICE) and Bats–Direct Edge have cleared most regulatory hurdles—NYSE–ICE is days away from being cemented, according to reports, and Bats–Direct Edge just received approval from the US Justice Department. So the…
Fixnetix Expands Data, Risk Connectivity
Managed market data, trading connectivity and risk technology vendor Fixnetix has added low-latency connectivity to three new marketplaces, becoming an extranet connectivity provider for pan-European equities multilateral trading facility Aquis Exchange,…
In Two Days, Signals of Change
Nasdaq's SIP-related glitch on Thursday seems a foil for today's news, that the boards of Bats and Direct Edge approved a merger deal on Friday creating a new entity that will surpass Nasdaq's market share. Both events may be long-remembered, and perhaps…
Direct Edge's William O'Brien on the Bats Merger
After much speculation on Friday last week, news broke today that Direct Edge would merge with Bats. Direct Edge's CEO William O'Brien hopes that this will help the newly combined entity, which will go forward under the Bats name, to break into the…
Direct Edge Petitions Brazilian Regulator to Open Exchange Landscape
US exchange group Direct Edge has submitted a response to a consultation by Comissão de Valores Mobiliários (CVM), the Brazilian Securities and Exchange Commission, in which it indicated its interest in operating a trading venue there.
A Safe Pair of Hands
You can't help but feel a little bit sorry for Joe Ratterman, CEO of the beleaguered BATS exchange. Hot on the heels of its botched initial public offering (IPO), on its own system, the exchange has had to admit that it hasn't always been offering…
Fallout from Order-Handling Errors Unclear
Last week’s confessions by three top US execution services providers regarding failures to match the national best bid and offer (NBBO) came as a surprise, and the fallout is unclear.
Two More US Exchanges Admit Order Handling Errors
Direct Edge and the New York Stock Exchange (NYSE) have said that customer transactions may have been executed away from the best available price due to systems errors, bringing the total number of exchanges admitting price errors to three this month.
A Year in Profiles
Anthony takes a look back at the individuals who were profiled in the pages of Waters magazine from 2012.
The Best of the Sell Side in 2012
The pick of Waters' sell-side coverage from the past year.
Direct Edge Adds Pre-Trade Risk Controls
Direct Edge has added EdgeRisk Controls, a pre-trade risk tool for its EDGA and EDGX Exchanges, which facilitates compliance with the US Securities and Exchange (SEC) Market Access Rule 15(c)3-5 for broker-dealers and their clients.