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
direct access trading (DAT)
time and sales
level III data
basket order
See All Related Terms »

economic life
Purchasing Power Parity theory
Forex Account
omnibus account
home trade