Direct Access Trading - DAT

What Does It Mean?
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 Says
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 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.
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