Direct Edge CEO Says Focused on Prospects as Independent Company

Direct Edge Holdings LLC is focused on expanding its business on its own, according to its chief executive officer, a sign that buyout talks that were reported in July may have cooled.

The owner of two U.S. equity exchanges based in Jersey City, New Jersey, continues to review its capital market options, William O’Brien said in a phone interview. The Wall Street Journal reported two months ago that TMX Group Inc., the parent company of the Toronto Stock Exchange, was negotiating to acquire the fourth-largest U.S. stock exchange operator.