Direct Edge, the US equity-trading platform, is set to continue with the controversial practice of flash orders, even though investors and legislators have criticised the practice and two of its main rivals will formally cease providing the service from Tuesday.  Nasdaq OMX and BATS Exchange said in August they would cease the practice after initiating the service in June. The move follows a rise in Direct Edge’s market share from about 2% to 12% in the past few years.

This entry was posted by Gwen Robinson on Tuesday, September 1st, 2009 at 4:37 and is filed under Capital markets. Tagged with BATS, Direct Edge, Nasdaq OMX. Edit this entry.