What is Direct Market Access (DMA)?
Direct Market Access is a trading format that provides all FX traders a direct link to the interbank market. It provides clients with:

• Tight, streaming, competitive, multi-bank spreads
• Equal instant access to prices provided by leading  foreign exchange banks on a strict price/time protocol
• Anonymity which ensures everyone sees the same neutral prices
• A conflict free trading environment because there are no deal desks placing opposing trades to the client

How Does DMA Work?
Multiple premier FX banks stream prices directly into our platform. Traders are able to see and trade on these top of book prices AND all market depth available. Orders are executed on these prices at the best bid/offer available. DMA from advanced markets routes pricing and all order types directly between banks and our trading clients, what ever your trade size. For a more in depth explanation of the market depth please see PRICING AND SPREADS

True DMA platform is designed to give:

Instantaneous Trade Execution
Advanced Markets clients deal instantly on live, executable prices with immediate execution and confirmations. Advanced Markets does not provide a "last look" to price makers, so Advanced Markets trades are final and confirmed as soon as they are dealt. There are no re-quotes. 

Dynamic Depth of Market Display
In addition to seeing the best bid and offer, clients can view all prices and availability being streamed to the system from our multiple bank price providers. This feature enables clients to gauge liquidity at different prices, improving trade execution.

Anonymous, Neutral Trading Environment
All trading activity is anonymous. Anonymity enables traders to deal on neutral prices, which reflect pricing based on actual FX market conditions only, not a perception of the client's trading direction based on a dealer's knowledge of a client's trading strategies, tactics or current market positions. 

Variable Spreads
A common characteristic of the foreign exchange is constant market price fluctuation. This reflects supply and demand, volatility and other conditions. Having variable spreads that move in direct proportions to the actual market prohibits re-quotes that are often found in fixed spread platforms.

In addition, a firm who claims to be a true DMA firm should offer all traders the same pricing, platform and conflict-free trading environment. It should not be dependent on net worth, or account size.

		DMA		ECN		DEAL DESKS
Anonymity		YES		YES		NO		DMA offers complete anonymity, so there is no preferential pricing to any traders
Market Depth Display		YES		YES		NO		*In addition, our platform shows pricing by use of an extra decimal place to make pricing even more transparent (1/10th PIP)
Access to true FX market pricing		YES		YES		Limited*		*Due to the conflict of interest that occurs, prices may be manipulated in the DEAL DESK model. ECNs attract high-frequency “black box” traders which cause bank market makers to widen the bid/offer spreads they show on those platforms.
Equal pricing for clients		YES		Limited*		Limited*		*because there is no anonymity with Deal desks, banks can withhold more preferential price feeds. In addition, because these other models may assume risk by taking opposite sides of trades, prices may be manipulated
Multi-bank price feeds		YES		YES		Limited*		*Advanced Markets currently streams pricing from 8 top tiered forex banks. ECN/DEAL DESKS may have a few banks, but due to their platform structure, pricing may be skewed and limited
Instant Execution		YES		YES		Limited*		*ECN/Deal desk models often have a delay in execution during highly volatile times
Variable Spreads		YES		YES		Limited*		*some ECN/DEAL DESK firms have fixed and variable platforms
Requotes		NO*		NO		YES		* DMA  does not have re-quotes due to the availability of multiple  bank feeds, technology, variable spreads,  no-risk taking,
Conflict of interest		NO		NO		YES		*Advanced Markets does not hold risk positions, i.e .trade against, its  clients

Why Choose Advanced Markets?

Platform:

Pricing:   Advanced Markets offers very competitive pricing. Please see PRICING AND SPREADS for a complete explanation.

Customer Service:  Advanced Markets prides itself on the high quality of our customer support. Accounts can be opened online and turnaround time is extremely fast enabling traders to access the FX market as quickly as possible. Our trade and technical support is also available 24 hours a day.