Mt.Cook’s DMA liquidity model was our first and original legacy liquidity stream. It has improved by leaps and bounds over the years and today is a “work of art” and provides a true institutional-grade trading environment without any Conflict of Interest.
Mt.Cook does not act in a Principal Dealer capacity via our DMA trading stream. Instead all trading volume is passed directly through to live, executable liquidity sources from leading global FX banks resulting in consistent, low latency trade execution.
While the terms DMA (Direct Market Access), STP (Straight Through Processing) and NDD (non-dealing desk) technically have different meanings, they are often used interchangeably by market participants to describe the same thing – fair and transparent, EFFICIENT trading.
Direct Market Access (DMA) refers to the ability of a buy-side trading desk to route orders directly to an execution venue without intervention by a sell-side party. The sell-side provides memberships, technology, trade support and credit. STP and NDD, mean that your clearing agent, operates as a true “agent” and not a principal.
Our DMA feed is only available via our Global License, and the primary benefits of it include the following:
In our view, the DMA feed is one of the most interesting structures in the industry, and a true reflection of the real market. This liquidity source provides one of the most beneficial broker/trader relationship as it means clients can trade the market alongside banks, as if they were a stand-alone liquidity participant themselves.
Anyone can trade on the DMA feed and reap the huge benefits of it. However the trading stream is often preferred by the following types of traders:
For more information, please read our detailed trading conditions for technical information and a comparison vs our ECN feed.
For any assistance in selecting the best liquidity feed to trade on (specific to your personal requirements or goals), please contact us at your convenience, and our team will be happy to help!
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