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Direct-Access Broker

   Also found in: Wikipedia 0.02 sec.
Direct-Access Broker
A stockbroker that concentrates on speed and order execution - unlike a full-service broker that focuses on research and advice. Direct-access brokers usually use complicated computer software that allows clients to trade directly with an exchange or with other individuals via electronic communication networks (ECN).

Notes:
Direct-access brokers have become very popular among active traders because of their speedy transaction times, but other services such as streaming quotes, interactive charts, Level II Nasdaq quotes and other real-time features have also contributed to this success. These brokers have cut down their costs and increased efficiency by eliminating the role of the third party, which in turn allows them to charge a lower commission than traditional brokers.


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R) is a broker dealer and a leading Direct-Access broker.
1 Direct-Access Broker by Barron's, ahead of competitors including Instinet's ProTrader (Nasdaq:INET), Charles Schwab's StreetSmart Pro (NYSE:SCH), E*Trade's WebStreet Direct (NYSE:ET), Ameritrade's TradeCast Elite (Nasdaq:AMTD), and seven other direct-access brokers.
1 direct-access broker in our very first review and in the same week we launched this service speaks volumes for the prospects of our company," said Bill Cruz, Co-Chairman of the Board and Co-CEO.
 
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