Direct Market Access (DMA)
B3 has been increasingly investing in electronic trading in order to provide participants with Direct Market Access (DMA) to the Exchange at the lowest latency. The DMA models allow end customers to have direct access to the Exchange´s electronic trading environment enabling them to send their own orders to the trading system, as well as receive market data in real time, including the electronic trading system´s order book.
Four 4 DMA models are available to get connected to B3:
- Traditional DMA (Sponsored by a broker)
- DMA via a DMA Provider
- DMA via Direct Connection
- DMA via Colocation
For all the DMA models the investor must be registered to a B3 licensed Brokerage House.
DMA Models
