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Is Direct Edge planning to convert to a stock exchange?

April 26, 2017convert planning stock exchange

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Is Direct Edge planning to convert to a stock exchange?

1 Answer

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Yes, Direct Edge has submitted two exchange applications to the SEC. Direct Edge is already an exchange operator by virtue of its control of the ISE Stock Exchange, but these applications would allow Direct Edge to convert its EDGX and EDGA ECN platforms to exchanges.