Direct Market Access (DMA)
An order management system with direct market access that provides real-time transmission of order information between the customer, broker and stock exchange: Close Brothers Seydler Bank AG offers this service to their institutional clients. A Financial Information Exchange (FIX) connection allows clients to route their orders directly to German stock exchanges, XETRA1 and XETRA2 (SCOACH).
This service entails:
This service entails:
- Orders are placed electronically via the FIX system to our sales trading team and routed directly to the indicated exchange
- Changes, cancellations, execution of orders and settlement communication with client is done on an automatic basis
- Order confirmations and execution information are transmitted within seconds
