Direct Access Trading - DAT

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DEFINITION of 'Direct Access Trading - DAT'

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
  1. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  2. Day Trader

    A investor who attempts to profit by making rapid trades intraday. ...
  3. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
  6. Forex Spread Betting

    A category of spread betting that involves taking a bet on the ...
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