Direct Access Trading Sites, Programs, and
Information (links updated regularly)
AccessBroker.com Advantage of Direct Access - Direct access systems allow investors
to keep a steady pulse on the market. Investors execute trades on computer
linked directly to NASDAQ and the NYSE through high-speed quote servers. Using
these high-speed servers helps to avoid net traffic and information delays.
Trade executions are also routed at high speed, avoiding net traffic and delays
of human intervention. Direct access software allows investors to buy at the bid
price and offer stock at the ask price, in much the same way as a market maker.
ECNs are what empower the direct access investor. ECNs route orders directly to
the NASDAQ and provide order confirmations in unprecedented speed and accuracy.
Blackwood Trading,
LLC. Located in the heart of Wall Street, Blackwood Trading is a
software development and trading management company that offers its traders one
of the most advanced trading system available anywhere in the financial
community.
CyberTrader What is direct access trading?
Unlike traditional online brokers, Direct Access Brokers automated the trading
process, virtually eliminating the middleman, allowing you to choose where your
orders are routed and improving the speed at which you can complete a trade and
receive a confirmation. You now have the ability to direct an order to your
choice of over 450 market makers, 9 ECNs and 5 exchanges through CyberTrader's
order routing software. Or use intelligent order routing to let the software
"hunt and seek" the best available prices. These faster executions can
result in better "fills", to execute orders as close to the inside
quote as possible. This can result in less price "slippage" and lower
transaction costs.
EquityStation.com EquityStation offers professional direct market access to active and
institutional traders. Through EquityStation and using the REDIPlus®
trading platform, active traders are empowered with direct access to ECNs,
Market Makers and exchanges, get Level II quotes and news, and trade directly
with the market participants in real time. You are in total control, placing
your orders directly into EquityStation's system that routes directly to all
exchanges and ECNs. Our Personal Account Executives are available to assist you
throughout the trading day. Download your free demo of the REDIPlus® software
and contact EquityStation for more about direct access online trading today.
FireflyTrading.com What your Online E Broker doesn't want you to know.
Savvy traders understand the importance of being able to view the inside market
and executing directly on all the major exchanges in a volatile market
environment. Firefly Trading’s DATP real-time comprehensive studies empower
you to move swiftly -- or cautiously -- in a volatile market environment. Even
though you may be saving a few dollars from commissions per trade by using a
browser based Online broker, you may be losing 1/16 (.0625) point or more per
share, which can cost you hundreds or even thousands of dollars depending on
size of the trade.
NewTech
Trading.com Direct Access vs. Online Trading
There are two different ways to use the Internet for trading: 1) Direct Access
systems, which use specialized software for Day Trading, and 2) Online trading,
which uses your browser and an investment web site. Direct Access is the most
rapid system, using a NASDAQ Level II screen and order routing to market makers
and ECNs (electronic communications networks). Direct access is suitable for day
traders who trade for a living and can work in front of their trading screens
all day long. Online Trading does not provide direct access to the markets but
it does route orders directly to market makers. This browser-based trading is
the most commonly used form of trading on the Internet.
NexTrend Why Utilize Direct Access Trading?
Most traditional online brokers have web-based systems which send online orders
to brokers who then place the trades. With NexTrend's Electronic Direct Access
Trading (EDATSM) system, however, both middle-men and delays are eliminated and
the trading process is automated which can practically prevent price slippage
and potentially reduce transaction costs. Following are a few of the primary
benefits typically realized by clients utilizing direct access brokers versus
web-based online brokers.
NobleTrading.com What is Intelligent Order Routing?
Both the NobleTrader Level 1.5 and Level 2 direct access trading packages come
equipped with the intelligent order routing feature. This feature scans the
market in real-time in search of the best possible price, execution method, and
order route. It then dispatches the order to the market participant for best
possible price. It will route orders to both market makers and ECN's.
On-Site Trading, Inc. Direct Access (software trading) vs. Online Trading (web-based trading)
For all active traders, it is very important to understand the difference
between professional trading software offered by Direct Access Trading firms and
Web Based Trading. The majority of online brokers are not equipped to service
professional traders because what online brokers offer is web browser trading
which is an extension of e-mail. The client logs in through the web site and
makes trades through the browser. One of the most important factors in trading
is execution speed. By the time clients load a web browser, log-in, confirm the
trade and execute it, a few minutes could have gone by. By that time the stock
price could have turned against them. They may have received a poor execution or
no execution at all.
ProTrader.com There is only one PROTRADER™
And we're focused on the bottom line. Yours. That means bringing together the
right proprietary tools, the right trading knowledge, and the right customer
support for individual traders to meet their goals. Whether you are a full-time
trader... you are starting your own trading business... you are an institutional
investor or fund manager... or even if you make only a few trades per month...
PROTRADER™ can provide the technology, knowledge and support you've been
missing.
SavvyTrade.com Savvy Trader I is a low-cost, fully customizable direct access trading
platform. This product includes real-time streaming Level I quotes, complete
account management tools, charts, technical analysis indicators and great
connectivity to the market via various ECN's. This platform is ideal for someone
who needs a fast order entry and confirmation module without extensive Level II
data or technical analysis. Savvy Trader II is identical to Savvy Trader I
but includes Level II data.
TraderFreedom Canada's Direct Access Broker - Your Passport To Freedom.
As a Canadian pioneer in Direct Access Trading, TradeFreedom provides a level of
technology that far surpasses that of regular online brokers. TradeFreedom
provides Direct Market Access to U.S. & Canadian Exchanges, ECNs, streaming
real-time Level II quotes and advanced technical analysis tools - all through an
integrated easy-to-use platform.
TradePortal The Direct Access Brokerage Firm for Active Traders
Get the TradePortal Advantage! Use One of the Industry's Most Powerful Charting
and Decision Support Tools. 10 Critical Reasons Why Active Traders Choose
TradePortal: 1. Award Winning Customer Support 2. Free Level II Quotes with no
monthly minimum number of trades required 3. No monthly software or exchange
fees (*with account minimum) 4. Trades as low as $9.95 unlimited number of
trades 5. Connectivity - Giving you the best possible conditions for trading,
with the lowest downtime risk. 6. Rapid Executions and immediate order
confirmations 7. Before & After Hours Trading 8. P.O.R.T.A.L. (proprietary
order routing trade algorithm logic) 9. Professional strength Technical Analysis
and Charting Software 10. TradeMatrix real time sector sorting engine
