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 ?
Subject to FINRA approval, Cantor Clearing will provide a comprehensive suite of services to correspondent clearing firms including institutional broker dealers, online direct access broker dealers, registered investment advisors and other asset managers.
JitneyTrade is an agency-based Direct Access Broker.