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 ?
R) is a broker dealer and a leading Direct-Access broker.
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.
Nasdaq:TRAD) announced that it has received the top ranking of all direct-access brokers reviewed by Barron's in its just completed roundup.
Users will appreciate a new graphical user interface, which has been updated to include floating windows, as well as links to direct-access brokers, directly from within Advanced GET Real-Time 8.
Revolution was recently ranked the best among the direct-access brokers reviewed by Barron's.
Direct-access brokers, such as TradeCast, allow the trader to bypass the market maker, who is often seen as a middleman adversely impacting the cost of the stock.