Increasingly, the sell-side and institutional investors are turning to direct market access (DMA) systems to increase productivity and lower overall trading costs. According to the TowerGroup press release, in 2004 DMA trading represented 33% of total buy-side order flow - and it is expected that by 2006 DMA trades will account for about 38% of all US buy-side equity share volume. However, despite clear market demand for it, usage of international DMA by US-based parties is effectively thwarted by unfamiliarity with foreign regulations, the need for local registrations, and cultural barriers.
Tradeware Global's proprietary trading solutions provide complete DMA capabilities for both U.S. and international markets with the full benefits of anonymity and fast reliable execution and settlement, enabling our client broker-dealers to more efficiently deploy their technology resources and expand their competitive edge by offering institutional investors a new level of service.