Direct Access Trading - DAT

What Does Direct Access Trading - DAT Mean?
A system that allows a client to trade directly with another client, a market maker on Nasdaq, or a specialist on the floor of an exchange without broker interference.

Investopedia explains Direct Access Trading - DAT
DAT is the preferred trading system for day traders, where success is dependent upon speed of execution. For the average investor, DAT is not necessary.

Related Terms

Broker
Day Trader
Market Maker
Nasdaq
Specialist
More Related Terms

Related Links

Electronic Trading Tutorial - Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.
Direct Access Trading Systems - DATs can dramatically speed up order execution - find out how this system gives novice traders an edge.

Get a new investing term in your inbox each day!

- join our Term of the Day!