SEC Charges Direct Edge Exchanges With Failing to Properly Describe Order Types January 12, 2015 (Litigation Release No. 2) In the first case focused on stock exchange order types, the SEC has settled with the EDGA and EDGX exchanges for $14 million over charges that they did not accurately describe their order types. These exchanges, formerly owned by Direct Edge Holdings before being acquired by BATS Global Markets, were found to have offered multiple "price...
