Direct Access Trading
Direct-access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stockbrokers.
Direct-access trading systems use front-end trading software and high-speed computer links to stock exchanges such as NASDAQ, NYSE and the various electronic communication networks. Direct-access trading system transactions are executed in a fraction of a second and their confirmations are instantly displayed on the trader's computer screen. This is in contrast to a typical conventional online trader who requires seconds or minutes to execute a trade.
Read more about Direct Access Trading: Account Minimums, Who Uses Direct-access Trading?
Famous quotes containing the words direct, access and/or trading:
“Jamess great gift, of course, was his ability to tell a plot in shimmering detail with such delicacy of treatment and such fine aloofnessthat is, reluctance to engage in any direct grappling with what, in the play or story, had actually taken placeMthat his listeners often did not, in the end, know what had, to put it in another way, gone on.”
—James Thurber (18941961)
“The Hacker Ethic: Access to computersand anything which might teach you something about the way the world worksshould be unlimited and total.
Always yield to the Hands-On Imperative!
All information should be free.
Mistrust authoritypromote decentralization.
Hackers should be judged by their hacking, not bogus criteria such as degrees, age, race, or position.
You can create art and beauty on a computer.
Computers can change your life for the better.”
—Steven Levy, U.S. writer. Hackers, ch. 2, The Hacker Ethic, pp. 27-33, Anchor Press, Doubleday (1984)
“His farm was grounds, and not a farm at all;
His house among the local sheds and shanties
Rose like a factors at a trading station.”
—Robert Frost (18741963)