The key benefits of DMA include:
Equal playing field
Every order is of equal status on the order book, prioritised only in terms of price and time.
Visibility
Orders are visible to the entire market so allowing all market participants full contribution to central market liquidity.
The depth of order book
It shows you the number of buyers versus the number of sellers and at what price they are willing to trade.
Set your own price
Limit orders can be entered at whatever price you choose and will be available to the entire market.
Tighter spreads
As limit orders are displayed publicly rather than held privately, market spreads become tighter, benefiting the order placer, who has a higher chance of getting executed at the price and the market as a whole which has a tighter public reference price to work from.
Auction participation
You can participate in the pre-market and post-market auctions where the highest or lowest price often occurs.
Peace of mind
Regulation and market supervision by the Exchange.
Certainty
The order book is always available during trading hours.
So see the real benefits of DMA, why not try it out for yourself with our risk-free DMA simulator?