Direct Market Access (DMA) refers to a type of order execution where an investor sends orders directly to the marketplace, as opposed to through a broker. With DMA, investors have direct access to the electronic facilities and order books of financial market exchanges that facilitate daily securities transactions. This allows investors to trade more efficiently and at better prices by bypassing the traditional broker-client relationship.There are several benefits of using DMA. First, because orders are placed directly with the exchange, there is no need for a middleman who may add unnecessary costs or delay executions. Second, investors can trade more quickly and easily because they do not have to go through their brokers each time they want to make a trade. Finally, with DMA traders can see all available bids and offers in the market in real-time which gives them greater price transparency and helps them make better trading decisions.
