EDGX has 100 share down tick programmed sales pop in after every buy. It was even used in after hours.
Last 4 trades yesterday after hours (around 5:30pm est)
07/09 SALE 1.5898 100 EDGX
07/09 SALE 1.5899 100 EDGX
07/09 BUY 1.59 2500 NDD
07/09 BUY 1.59 5000 NDD
07/09 BUY 1.591 280000 NDD
Definition of 'EDGX'
A high-volume trading platform owned by Direct Edge ECN LLC, the third largest market center worldwide. EDGX is a type of electronic communication network (ECN) that allows traders to trade with one another directly on an exchange instead of having to go through a middleman. NYSE Arca, Nasdaq, and BATS are examples of other high-volume ECNs. In 2009, EDGX traded more than 2 billion shares of U.S. cash equity per day.
The owner of EDGX is Direct Edge ECN LLC.
One of our sister companies (patent monetization) Marathon Patent Group (OTC:MARA) is suing Direct Edge for infringment.
Relay IP Inc Files Patent Infringement Lawsuit Against 10 Defendants
Jun 18 13
Marathon Patent Group, Inc. announced that its subsidiary Relay IP Inc, has filed a patent infringement lawsuit in the United States District Court for the District of Delaware against 10 named defendants. Defendants include CBOE Holdings, Inc., The Nasdaq OMX Group, Inc., ActiveTick LLC, BATS Trading Inc., Lek Securities Corporation, Direct Edge ECN LLC and others. Relay is asserting infringement related to U.S. Patent number 5,331,637, entitled Multicast Routing Using Core Based Trees. The lawsuit alleges that the Defendants have infringed, and continue to infringe, the claims of the patent in suit by using the accused IP Multicast systems and methods covered by the claims of the Relay patent.
