Direc Market Access

[Venom]

Hello, Ive read on forums about some brokers providing Direct Market Access. Couldnt find much info on it. Can you please explain the concept, I thought all orders go to Globex and if not what happens to order submitted through NT and Dorman, how does it differ from DMA

[NinjaTrader_ChristopherD]

Hello Venom,

Thank you for your post.

NinjaTrader Brokerage uses CQG/Continuum to provide market access for futures trading. Continuum routes the orders that you place from your installation of NinjaTrader directly to the exchanges, based on the available margin in your trading account. This gives you a seamless trading interface, with orders delivered from your PC to the exchange in a matter of milliseconds. Your orders are then filled based on the availability of contracts at the exchange. Globex is simply the electronic exchange for the CME Group.

Here is an article that I found on Investopedia for Direct Market Access. It looks like DMA refers to the ability of a brokerage firm or market maker to execute orders directly to the exchange. As I discussed, NinjaTrader Brokerage (clearing through Dorman Trading) uses Continuum as a direct order routing technology:

• https://www.investopedia.com/terms/d...rketaccess.asp

Let me know if I may be of further assistance.

[Venom]

I also read that article, and it says that most retail investors do not have direct market access. So is my connection through NT/CQG direct market access or not, if not, what is the difference. I believe it is not, from what I read. As I read it costs a lot, but I'm not certain, so wanted to understand this concept. As I said not much on the web

[NinjaTrader_ChristopherD]

Hello Venom,

I have already provided the information that I have regarding market access with Continuum through NinjaTrader Brokerage. I would suggest comparing this information to your own research regarding DMA to ensure that this solution meets your unique needs as an investor.

[Venom]

So you dont know if its DMA or not?

[NinjaTrader_ChristopherD]

Hello Venom,

Continuum uses order routing technology from CQG. CQG's website states that their technology is Direct Market Access.