Direct Edge finalises quote shift to ISE
US trading venue Direct Edge has completed the migration of quotations for its EDGX and EDGA platforms to the International Stock Exchange (ISE) from the National Stock Exchange (NSX).
Direct Edge said the shift will provide both the platform and its subscribers greater reliability and certainty of quotation display. The change will not affect the platform’s direct book feed.
The quote migration follows the platform’s merger with ISE, announced in August.
Direct Edge has also completed the migration of its internally-matched trades to FINRA/NASDAQ’s trade reporting facility from FINRA/NSX’s. Trades matched on either EDGA or EDGX platforms will now show up on the tape as "Q" (formerly "C").
Direct Edge will begin including millisecond timestamps in all FIX messages beginning 31 October.