What is the ELP Program and how can it get me improved price and size?
Direct Edge’s pioneering ELP Program offers subscribers integrated access to multiple sources of displayed and dark liquidity. Historically, traders had to seek executions in either the displayed market or a single “dark pool.” Direct Edge was the first displayed market center to offer a comprehensive solution. By facilitating dark liquidity participation in its market, and giving subscribers access to a vast network of non-traditional liquidity, the ELP Program improves the Direct Edge trading environment by increasing a subscriber’s opportunity for price and size improvement and lowering potential market impact. Direct Edge launched the ELP Program in the spring of 2006, years ahead of its competition, and now routinely executes ELP volume of over 100 million shares per day (Q3, 2009). The ELP Program has helped Direct Edge establish itself as a recognized leader and innovator in offering next-generation trading solutions.
