Direct Market Access

In investment, the term direct market access (DMA) denotes an electronic system through which investors can access securities exchanges directly, rather than through securities brokers. DMA trading is carried out through DMA platforms operated by specialized service providers.

Investors who use DMA services access the order books of exchanges directly and place their own orders. This allows investors to see the actual exchange prices without added spreads, and cuts out the cost of brokerage fees and broker spreads. DMA service providers charge commissions for their services. Depending on the kind of trades being made, DMA commissions can be lower than the combined cost of brokerage fees and spreads.

DMA is most widely used in CFD and forex trading as an alternative to over the counter (OTC) trading. A number of Swiss CFD and forex brokers provide DMA services. You can find these using the interactive CFD broker comparison on moneyland.ch.

More on this topic:
Swiss securities broker comparison
Electronic communications networks explained

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Special offers for Moneyland users

Moneyland Special Offers

Swiss Trading Platform

Cornèrtrader Special Offer

  • Special offer: particularly favorable conditions for Moneyland users

  • No custody account fees for shares

  • Swiss online bank with FINMA license

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Amex promotion until April 6

Amex Platinum Card

  • 50% off the annual fee in the first year

  • Extra bonus: 75,000 instead of 45,000 Membership Rewards points

  • Further benefits: 10% discount on purchases in Gübelin boutiques & Up to CHF 160 Dining credit per year in over 600 GaultMillau restaurants

Swiss digital bank

Alpian

  • CHF 75 welcome bonus with referral code LAND25.

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

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