Direct access brokers - Lightspeed, Cobra, Centerpoint....

[greenmoose]

Hello.

Obviously Lightspeed has a presence here on the site and they are well respected.

Curious if anyone has any experience with some of the lesser talked about direct access brokers such as Cobra Trading or Centerpoint Securities.

Any others (besides IB)?

Thanks.

 

[TradeTune]

I'm intersted to know about this subject too, i couldn't find a list of direct access brokers on internet ?

Is tradestation a direct acess broker ?
I think E*Trade, Schwab, Fidelity are not direct access , and TD ameritrade is Direct access?

 

[Robert Morse]

We offer these Market choices on Lightspeed Trader. https://www.lightspeed.com/pricing/routing-fees/

 

[FSU]

Hate to put up any of Robert Morse's competition, but
Dash Financial.

Also I would think its not just the introducing broker, but the trading software you use.

I know TD allows you to direct option orders to some (not all) of the exchanges.

 

[Robert Morse]

They do not take small retail accounts and we take both. And on some software, we offer DASH Option algos and routing.

Hate to put up any of Robert Morse's competition, but
Dash Financial.

 

[FSU]

Bob, when TD allows you to direct an order to a specific exchange, would you consider this direct access, or does it still flow through their order purchasers first?

 

[Robert Morse]

SEC/FINRA have a strict definition of DMA for both equities and options. I'd prefer to chat about this offline.

Bob, when TD allows you to direct an order to a specific exchange, would you consider this direct access, or does it still flow through their order purchasers first?

 

[jtrader33]

What's Cross+?

 

[Robert Morse]

Lightspeed Trader Crossfinder Plus Access - see attached.

 

[toby400]

Trade Station