What is DMA in trading?
DMA stands for direct market access. DMA trading enables traders to place buy and sell trades directly on the order books of an exchange or a liquidity provider. Over–the-counter (OTC) dealing refers to trades that are not carried out through centralised exchanges. In an over-the-counter market, parties quote prices for financial products through a network of dealers or intermediaries. Electronic communication networks (ECNs) and aggregators provide foreign exchange quotes from various banks to bring together buyers and sellers.
Please note that CMC Markets doesn't offer direct market access; instead, we offer derivative trading products such as spread bets and contracts for difference (CFDs). If you're looking to reduce trading costs, view our Price+ page for information on how this can be done.