DMA Equities
Use our Direct Market Access platforms to trade directly in all the major world equity markets.
Place orders inside the market spread, gain full access to prices in size and gauge the liquidity on either side of the exchange.
The unrivalled transparency and flexibility of DMA are key tools for the advanced trader, and our DMA solutions enable you to harness these advantages. With Direct Market Access to the major equity exchanges you can:
- Trade inside the market spread by dealing straight into the order book
- Enter stock auctions, including those held outside normal trading hours
- View market depth and liquidity with transparent Level 2 pricing
- Assess the likely future movements of stocks by comparing buying and selling interest rates
Trade the key equity markets
PureDMA and L2 Dealer give you Direct Market Access, allowing you to interact directly with the live order book.
Trading CFDs with DMA gives you access to the major equity markets: LSE SETS, NASDAQ, NYSE, Amex, Euronext, Xetra Germany, MIB Italy, BME Spain, OMX Sweden, OSE Norway, ISEQ Ireland, Athex Greece, SWX Switzerland, ASX Australia, SGX Singapore, JSE South Africa, TSX Canada.
DMA and multi-venue technology
Our new multi-venue technology means that as well as using traditional exchanges, our DMA platforms now also source prices from Europe’s two leading Multilateral Trading Facilities (MTFs). This enables you to benefit from additional market liquidity and even better prices on Direct Market Access share CFDs.
The way in which the MTF data is presented is slightly different depending on whether you use PureDMA or L2 Dealer:
PureDMA instantly searches all three venues and puts the best prices in the order book, but does not separate prices according to their venue - instead it lists them in a ‘hybrid’ layout. When you click one of these prices, your order is instantly routed to the relevant venue. By routing your order across multiple order books the new technology also makes it more likely that the order will be filled, but you will only ever be charged one commission per order. If your requested size and price is not available, your order will be routed to the primary exchange, where the greatest level of liquidity is generally available.
If you are using L2 Dealer, you have the option of viewing separate order books individually. For example, if you are trading a share that is listed on the LSE, Chi-X and Turquoise, you can select the name of each exchange separately to see just those prices, or you can view a hybrid order book which simply lists the best prices, regardless of venue.
Data feeds and charges
If you are using PureDMA, a large number of Level 2 (DMA) data feeds are provided on a charge-and-refund system and can be activated from the My Account section in PureDeal. However, the introduction of MTFs means we are now able to offer PureDMA users free live prices using MTF data on top UK and European shares. Therefore, if you do not wish to pay for the live data from the major exchanges, you will be able to view the live prices from the no-fee MTFs. With over 1450 UK and European shares covered, this will provide free live data on most top UK and European stocks. In addition, if you place an order using the free prices, but a better fill exists on a fee-liable venue, your order will be processed at the better price, whether it is visible to you or not.
To use L2 Dealer to trade DMA equities, please contact us to enable live price feeds on the exchanges you require.
Please note that while you are trading based on underlying market prices and depth, what you actually receive on placing a trade is a CFD from us.