direct access trading (DAT)
An Internet-based order entry and execution system offered by some brokerage firms that permits an investor to place trades directly with market makers and specialists, using an Electronic Communication Network (ECN). Direct access trading can provide faster order fulfillment but also entails some extra risk because the order is not reviewed by a registered representative prior to submittal.
Browse by Subjects
level III data
direct access trading (DAT)
time and sales
basket order
See All Related Terms »

delinquent
organisation costs
prime cost
price level
margin closeout