Direct Edge ECN and AXE ECN, the Australian ECN due to start trading in 2008, have signed a memorandum of understanding (MOU) to formalise their relationship.
Under the agreement, Direct Edge and AXE ECN agreed to work together to share expertise, develop channels of
communication and explore mutually beneficial opportunities.
“One of the keys to international expansion is selecting the right partners,” said William O’Brien, CEO, Direct Edge, in a statement. “With its own culture of innovation and competition, AXE will be a great partner and we look forward to a thriving relationship. This agreement will benefit investors and the financial communities in both the United States and Australia.”
Greg Yanco, CEO, AXE, added, “Direct Edge has already proven itself in the US, and sharing their knowledge and experience will enable AXE to further enhance its offering in Australia.”