Direct Market Access definition

Direct Market Access or “DMA” means an arrangement among a Sponsoring Broker, its Customer and BSEF that allows one or more representatives of that Customer to have Trading Access using the Participant ID of the Sponsoring Broker.

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Direct Market Access or “DMA” means an arrangement by and between a Sponsoring Broker and its Customer in accordance with the Rules which permits one or more Authorized Traders of the Customer to access the MarketAxess SEF Trading System by means of the Trading Privileges granted to the Sponsoring Broker.

Direct Market Access means a service provided by a Member Firm through which a Customer is able to submit orders to the Trading System operated by the Exchange under the Member Firm’s trading codes and via the Member Firm’s order management system, but without manual intervention by the Member Firm, and where the Customer can exercise discretion regarding the exact fraction of a second of order entry and lifetime of the order within that timeframe;

Examples of Direct Market Access in a sentence

Direct Market Access Order(s): Processing your electronic orders through our or our affiliates’ infrastructure direct to our Designated Trading Representatives (DTR’S).
MTC currently follows a Direct Market Access (DMA) and/or ECN agency model protocol, which is also imposed on them by their Prime Brokerage.
PKF Capital run a Direct Market Access (DMA) model where it takes a physical position in the underlying instrument for every CFD position.
With respect to CFD share trading and Direct Market Access accounts, customers will pay a commission in addition to the bid/ask spread.
Customers can choose to open a Standard Account, or a Direct Market Access (“DMA”) Account (bid/offers are sourced directly from ▇▇▇▇▇.▇▇▇ Canada’s liquidity providers and only FX products are available).

More Definitions of Direct Market Access

Direct Market Access means an arrangement where a member or participant of a trading venue permits a person to use its trading code so the person can transmit orders electronically to the investment firm's internal electronic trading systems for automatic onward transmission under the investment firm's trading code to a specified trading venue;

Direct Market Access or “DMA” means an arrangement among a Sponsoring Broker, its Customer and BSEF that allows one or more

Direct Market Access means a service provided by a Member Firm through which a Customer is able to submit orders to the trading system operated by the Exchange under the Member Firm’s

Direct Market Access or “DMA” shall mean an arrangement whereby a Trading Participant’s client is permitted to enter orders to buy or sell securities including any modifications and cancellations directly into the PSE trade matching system for automatic execution without any intervention by the Trading Participant.

Direct Market Access means direct access to the SGX-ST trading system, being any electronic trading system for the automatic matching of orders designated and approved by SGX-ST for transactions on SGX-ST, via an SGX-ST provided or SGX-ST approved order management system through which orders are routed to the SGX-ST trading system;

Direct Market Access or “DMA” means the process by which orders to buy or sell Contracts including any modifications and cancellations thereof are submitted for execution in the ATS by persons referred to in Rule 617.4 without any intervention by a Registered Representative and/or being entered or re-entered by a Registered Representative.