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.
Day traders have utilized intelligent order routing in trading with direct access brokers
, unlike traditional online brokers," said Damon Kovelsky, analyst at Meridien Research and co-author of the report.
Expanding its broad range of training, support and services for clients, CyberTrader is also launching CyberTrader U, which features both live online classes hosted daily for beginning and intermediate traders, as well as self-paced classes on topics such as Nasdaq Level II data, direct access brokers
, ECN's and CyberTrader software.
Customers can quickly and easily identify buy and sell opportunities, copy results into eSignal for additional analysis and execute trades with direct access brokers
directly from the symbol.
With direct access brokers
, traders are given a direct pipeline to the markets -- making them their own broker and giving them the control to be an efficient and profitable trader.