Direct Market Access (DMA) on PREDATOR allows buy-side customers to more directly access liquidity on a given market venue.

Using DMA, the client still uses the infrastructure of the sell-side (broker) but takes control over the way a transaction ("trade") is executed and enjoys some important advantages:

  • DMA eliminates sources of errors or execution irregularities, as the broker does not work orders but only provides his exchange member ID
  • DMA orders are fast as they allow the trader to take advantage of market opportunities quickly, before less sophisticated competitors
  • DMA offers lower transaction cost because it does not require exchange membership