Using Connect Edge, customers will be able to route orders directly to significant dark liquidity pools, in addition to the exchange connectivity currently provided, allowing customers to further reduce costs by eliminating the need for individual telco connections to each marketplace.
Firms looking to leverage Connect Edge will now have the ability to interact with the following seven dark pools: Barclays Capital’s LX, Credit Suisse Crossfinder, Getco Execution Services, Goldman Sachs SIGMA X, Knight LinkTM, Knight MatchTM, and LeveL ATS.
Direct Edge head of connectivity services Kevin Carrai said that low-cost access to comprehensive liquidity — both on- and off-exchange — is crucial, and it is the goal that Connect Edge customers have a high-quality, low-cost way to reach it.
"Adding the major dark pools to our destination venues is a logical extension of the Connect Edge value proposition, further enabling customers to control costs and maintain their competitiveness," Carrai said.
Launched in 2010, Connect Edge is a high-speed, low-latency network that allows customers to access Direct Edge through multiple Points of Presence (PoP) by cross-connecting from within their own facility to a Connect Edge PoP.
