
Direct Access Execution
ECNs, SOES, SuperDOT and Other Methods of Trading
Simit Patel(Author)
McGraw-Hill Inc.,US (Publisher)
Published on 30. April 2001
Book
Hardback
208 pages
978-0-07-136391-4 (ISBN)
Description
Direct access trading means a whole new world of trade execution. Gone are the tradition-bound days of calling a broker, who called a broker, who called the floor of the exchange, where the order was written by hand and delivered by a runner to the floor broker. This was a time-consuming, tedious task that almost certainly guaranteed poor fills. Now, direct access traders can place an order with the click of a mouse button and be filled within seconds, eliminating the middleman and lowering commissions and reducing the infamous "spread". A direct access trader now has many avenues to place a trade: ECNs, SOES and SuperDOT, among others. "Direct Access Execution" walks the reader through the different methods of executing a trade and helps them understand which one to use and when. Each method of executing a trade has its own unique advantage and disadvantages. This book explains when to use each method to capitalize on the advantages of each. After reading "Direct Access Execution", the reader should understand the fundamental differences between all the methods and it allows the reader to easily navigate between them and find the best prices for executing a trade.
The author covers in detail: SuperDOT; SOES; SelectNet; Tradescape 1.0; and ECNs. In addition, the author dedicates a chapter to explaining what actually happens after the investor clicks the mouse button to execute a trade. This is the fourth in a planned six-book series on making the transition from online trading to direct access trading.
The author covers in detail: SuperDOT; SOES; SelectNet; Tradescape 1.0; and ECNs. In addition, the author dedicates a chapter to explaining what actually happens after the investor clicks the mouse button to execute a trade. This is the fourth in a planned six-book series on making the transition from online trading to direct access trading.
More details
Series
Language
English
Place of publication
New York
United States
Publishing group
McGraw-Hill Education - Europe
Target group
Professional and scholarly
Illustrations
15 illustrations
Dimensions
Height: 229 mm
Width: 163 mm
Weight
460 gr
ISBN-13
978-0-07-136391-4 (9780071363914)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Simit Patel is currently an investment banking associate at InternetFundManager.com. Previously he worked at Periscope Analytics as an equity analyst. He is a graduate of the Stern School of Business at New York University.