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.
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.
CyberTrader, based in Austin, Texas, is a Direct Access Broker specializing in electronic trading and brokerage services.
1 rating for Direct Access Broker in Barron's magazine in July 2001.
myTrack is a direct access broker that offers investors the opportunity to direct where their equity and options trades are routed.
Instinet had acquired ProTrader to provide advanced trading technologies and electronic brokerage services primarily to professional non-institutional traders, active fund managers, direct access brokers and hedge funds who used the Instinet trading platform.