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EDGX is the third largest market center in the world which is owned by Direct Edge. It operates as an ECN, electronic communication network. It is a high volume trading platform that allows traders to trade directly on an exchange instead of without the use of intermediaries.
Direct Edge has two exchanges. One of them is Edgx which charges fees for absorbing liquidity and higher rebates liquidity providers, a maker-taker pricing. While its twin exchange EDGA charges small fees to provide and take liquidity. These costs are significant to the bottom-line for active traders.
In 2009, EDGX provided 0.0025 credits for increasing liquidity while charged a fee of 0.0028 for removing it. This structure is suits the limit traders.