How is DMA Screen Look & Feel?

To most of the traders who interested to know how DMA screens looks like, we managed to capture some of the screen and post it here for sharing.

**Special thanks to Uri who contribute to all the screen capture**

First screen after login. We can view the current pricing for FKLI break down by month.

Second screen illustrate the screen on how we enter our orders

Third screen illustrate charting available in DMA.

DMA For Future Market - Part 4 Comparison

** Information above are personal finding and not represent the official release by the trading house. All information above subject to change without prior notice from publisher nor trading house. Any update from anyone is much appreciated. Enjoy

 

Trading House	DMA Rate	Normal call in rate	Platform Monthly Fees
AmFuture	RM36	RM40	RM250 **rebate if minimum number of lots transacted per month
Philips Future	25% cheaper than normal market rate	Normal market rate	Free
	** DMA for Malaysia future market only available from May 2009 onwards. Philips Future will launch DMA by end of Mar 2009 for overseas future market.
RHB Investment	** Still in testing mode, will only launch it in the middle of the year. No information on rate as well as platform fees

 

HAPPY TRADING

DMA For Future Market - Part 3

** Article below captured from AmeSecurities brochure

WHAT IS DMA?

Direct Market Access (DMA) is an electronic facility that allows you to directly access

 liquidity for financial securities and multiple execution venues directly without the intervention of brokers. DMA enables users to enter their orders on a screen display and have their orders sent directly to the exchange.

WHY SHOUD I CHOOSE DMA?

As of 2008, studies show, almost 38% of buy side equity shares are executed through DMA and s still growing. Though still in its infancy stages, more and more high volume traders are rapidly adopting DMA as a method to agreegate liquidity, AmInvestment now offers you the opportunity to trade in deriviates via DMA and by end of 2009, equities as well. The time saved with DMA gives the critical edge needed for user in today's electronic age. The next frontier would be to expand DMA connectivitiy into the international market.

BENEFITS OF DMA

- DMA offers lower transactions cost.

- DMA orders are not executed by brokers; instead are sent directly to the exchange so there is less chance of error or execution irregularities.

- Traders are able to take advantage of very short lived market opportunities with swift order executions via DMA.

DMA For Future Market - Part 2

I've been looking arround in the market for broker/trading house which provides DMA (Direct Market Access) which allows future traders perform online trading without going thru a broker. As explained in "DMA For Future Market - Part 1", benefits of using DMA includes speed of transaction execution & most importantly lower brokerage cost. So who are the local (Malaysia) trading house that provides DMA?

Who Are The Local (Malaysia) Trading House That Provides DMA?

I'm listing local trading house which I managed to check or aware so far. I could have miss out some of them out there and appreciate if anyone who knows any trading house that I'm not listing here can notify me to add them in.

1. AmFuture 

(http://www.ambg.com.my/personal/depositinvestments/futurestrading/futurestrading.asp)

2. Philips Future 

(https://www.poems.com.my/)

3. RHB Investment 

(http://www.rhb.com.my/press_release/2009/02-03.shtm) 

I'll try my best to check with them the actual broker fees and compile/summarize the comparison in the next release. Stay tuned.

DMA For Future Market - Part 1

What is Direct Market Access (DMA)

As the name suggests, using DMA, and entity can trade directly in an exchange - just likes brokers do. There is no need to place an order through a broker.

Advantages of Direct Market Access (DMA)

Speed

The main advantage of DMA in that it results in faster order placement and execution.

Till now, the institutions had to convey their orders to a broker, and the broker would place the orders. This means that the same information had to be conveyed twice, which resulted in delays, and, at times, errors.

Now, with Direct Market Access, the institutions would be able to place the orders directly in the market.

Cost Saving

Cutting down an intermediary would result in significant cost savings for the institutions.

Enable Algorithmic Trading

Since the institutions would be allowed to access the market directly, they can now develop and deploy computers running complex mathematical algorithms, which would place buy and sell orders automatically.

This would be a totally new avenue, and in the future, even mutual funds specializing in algorithmic trading can be introduced.