Abstract

Direct market access grew up out of the equities market in the late 1990s, in particular when the number of electronic marketplaces, or ECNs, for trading stocks greatly increased in the US, and spurred on again by the wider use of the FIX protocol for communicating indications of interest. Now that direct market access is fairly standard for stock trading, the same firms are looking to expand these operations to exchange-traded futures, made possible by the move to electronic trading by the derivatives exchanges.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.