Direct Market Access (DMA)

Direct market Access (DMA) is an electronic facility which allows brokers to offer their clients direct access to the exchange trading system. This is facilitated through the broker’s infrastructure without any manual intervention by the brokers. DMA allows the traders to directly interact with the market order book and place trade orders accordingly.

Advantages:

• Transactions costs are generally lower because you are only paying for broker’s technology rather than for their order management service.

• Greater transparency and increased liquidity.