Direct Access Trading

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Direct Access Trading

A system on NASDAQ allowing the user to make trades without going through a broker. Direct access trading allows investors to make trades very quickly, which is important for day traders, who seek to make a profit from price movements that take place in a single trading day. Most investors do not use direct access trading because their investments do not depend on the speed of buying or selling a given security.
References in periodicals archive ?
on the floor of the American Stock Exchange trading stock options, and was a principal of his own firm, Doyle Miles & Co, a direct access broker dealer on the NYSE floor where they executed orders for a significant buy-side client base in listed OTC securities.
Mack Trading LLC is a Member Firm of the New York Stock Exchange, a Direct Access Broker Dealer handling agency order executions on the floor of the NYSE for a select institutional client base.
MidasTrade, a direct access broker specializing in electronic trading and brokerage services, is the first company to provide a direct link between Korean investors and the U.
OTCBB: QMCI) announced this week an agreement to supply market data to the client base of leading direct access broker TradeFreedom Securities, Inc.
1 rating for Direct Access Broker in Barron's magazine in July 2001.
a leading direct access broker for active investors, announced today its offering of access to the Arizona Stock Exchange (AZX), an electronic, Internet-based system for conducting auctions in equity securities.
myTrack is a direct access broker that offers investors the opportunity to direct where their equity and options trades are routed.
Terra Nova"), a leading direct access broker, introduces the Terra Nova Investor Series -- a free, browser-based trading platform designed for active investors who want real-time data and the power to route their own orders.
Not only are IB's commission rates the lowest in the industry, but the culmination of the diverse international product base with the fastest execution speed in the business makes IB the best direct access broker around," said Thomas Peterffy, Chairman of Timber Hill.
com, a next generation direct access broker, to provide our customers with this type of leading edge streaming audio news," said Butch Jones, Executive Vice President of CyBerCorp.