There is a smart routing option that can also be configured by user and brokerage preferences. This is a true direct-access platform but needs to be connected to a brokerage account with access capabilities to be most effective. Surprisingly, Level 2 and time and sales are included with the subscription. DTP enables point-and-click executions with a wide range of limit and conditional orders. Traders can also choose reserve orders to hide transparency on limit orders. Direct order routing preferences can be configured on the platform to send orders to over 50 different market makers, ECNs, and dark pools.
- This makes a big difference for stocks that have large gaps up or down.
- That way, traders can use various types of charts – from basic candlesticks, lines and bars to more advanced charts, such as the Ichimoku clouds.
- We also recommend that you check out our Knowledge Base as many problems/questions can be answered from there.
- We offer sophisticated trading platforms that will get you excited.
- DAS Trader Pro can also be connected with Interactive Brokers, and at the same time, Interactive Brokers Trader Workstation can be connected with Trade Ideas Pro.
- Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC).
In the following paragraphs, you will learn more about the pros and cons of the DAS Trader platform and why it became so popular among a wide audience. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Brokers may charge exchange and data in addition to the platform fees. DAS trader Pro is a direct-access trading platform with robust trading and analysis tools that make it an ideal value for active intraday traders. DAS trader can be accessed either through a licensed brokerage partner or directly from the creators for a monthly subscription fee. DAS Trader MTS is an order and risk management trading platform designed for a financial institution to send its omnibus orders to its broker’s or clearing firm’s execution and risk management platform.
If you need your broker’s download link, please visit our live chat or send us an email and we will be happy to assist you. All the right tools to help you take advantage of opportunities in the market. Web trading is also available, so wherever you are, whatever your device, MT5 are ready for your next trade. You may want to check out more software, such as Fidelity Active Trader Pro, SpeedTrader Pro or Trade-Ideas Pro, which might be related to DAS Trader PRO. Please use the search function or categories below to find how-to and support articles about the DAS Trader Pro platform, DAS Mobile Web, DAS Active Web and the DAS Mobile apps for iPhone and Android.
DAS Inc Developer of DAS Trader Suite of Products
DAS Trader MDV – Market Data Vendor (MDV) to major exchanges including Nasdaq, NYSE, OPRA, OTC Markets, Direct Edge and BATS. DAS|MDV offers real-time data feed technology for instant access to market data and real-time streaming news from Newsware. DAS is a preferred partner with Nasdaq as a reseller of the Nasdaq Totalview. Karen Barker-Gentile started her career as a network engineer in Yonkers, New York. But with an interest in online banking and stock trading, the capital markets were never far from her mind.
The Das Trader Pro platform is best suited for intra-day traders that want speedy direct-access fills and the tools to make quick decisions on the fly. The platform is flexible, nimble, and efficient, which matters to seasoned traders that don’t need hand-holding. One of the key tools that intra-day scalpers should consider is the use of hot-keys.
Access to tools to enhance your trading:
Direct Access Software (DAS) is an Industry Leader in direct access trading technologies that offer the brokerage and trading community end-to-end electronic trading solutions. Enjoy broader access to several asset classes, geography, investment styles and choice of trading platforms. Enjoy custom-built platform capabilities in an out-of-the-box solution.
SpeedTrader is similar to Cobra Trading and CenterPoint Securities, with the main differences being margin rates, commissions structure, and hard to borrow shorts access. DAS | Inc. offers several subscription options to meet the needs of all types of traders. Karen understands the importance of building relationships with other companies to provide clients with the best trading experience and strives to maintain those business relationships. She aspires to bring the best experience to her clients and to continue to build and improve her business.
The biggest drawback to using DAS Trader Pro is the pricey monthly licensing costs (market data for professionals is similarly priced regardless of where you trade). For example, for our top broker recommendation, Interactive Brokers, it makes little sense to use DAS Trader Pro when you can pay no licensing fee to use the broker's Trader Workstation platform directly. Our trading platforms include default market data packages suited to your trading needs. To enhance your trading even more, choose from our wide selection of feeds and news.
Das Trader Features
The main news provider is BusinessWire, and the updates are flowing continuously, which makes it comfortable for users to spot any important news that may affect the performance of their investments. That way, traders can use various types of charts – from basic candlesticks, lines and bars to more advanced charts, such as the Ichimoku clouds. In addition, the charts can be modified to show time frames from 1 minute to 1 month. Users can also add trend lines and Fibonacci retracements to the charts. In this DAS Trader review, you will understand one of the main reasons why, in recent years, day trading has become so accessible to anyone.
- Brokers may charge exchange and data in addition to the platform fees.
- However, if you choose to take advantage of DAS Trader PRO through Interactive Brokers, you will be charged anywhere in the range of $100 to $200 per month.
- Karen Barker-Gentile started her career as a network engineer in Yonkers, New York.
- The same real time Level 2 market data is delivered directly to your Android device!
- From advanced order types through charting tools to real-time multi-account management and much more.
They are also a connectivity provider with access to over 50 routing destinations serving institutional and retail customers. The https://1investing.in/ platform enables trader execution, portfolio management, analytics, and research capabilities. DAS Trader offers advanced order types, basket trading, charting, and multi-account management in a real-time environment.
DAS combines powerful features such as advanced analytics, multi-instrument trading, and portfolio management into a single trading platform. For traders who are on the search of a highly-functional and professional platform with Level Ii data, DAS Trader PRO is a good choice. It is not directly comparible to brokerage accounts trading tools like Charles Schwab’s Street Smart Edge or TD or TD Ameritrade’s thinkorswim. The platform is suitable for equity traders that want to gain direct access to markets and take advantage of Level II market data.
With over 20 different studies ranging from moving averages to pivot points, MACD, and stochastic oscillators, DTP has enough technical indicators to satisfy seasoned traders. Popular price and momentum technical indicators are built into the platform. It’s important to configure the data to make sure you have a large enough sample size to get accurate reads.
The “Alerts” feature even allows you to upload an audio file, containing an appropriate sound that you may prefer to be used when the platform notifies you about a price change or a triggered threshold. Apart from that, profit on sales users can take advantage of more than 40 technical indicators – from stochastic oscillators, through moving averages, to pivot points and much more. The studies can be applied to the price charts easily, thus providing the chance to conduct a more in-depth analysis. A service that allows you to automatically copy carefully selected and screened traders. CAP it ALL goes where you go and is designed by traders for traders. Platform and Market Data Fees are deducted on the last day of the calendar month.
DTP enables many convenient hot-key configurations to expedite trading processes. I like the ”Cancel All Orders” hot-key for the peace of mind from not letting an open order get accidentally filled. The range of order types, including conditional orders and bracket orders, enables me to partially automate some of my strategies. DTP accommodates basic trading with options contracts if the data subscription is configured through the hosting brokerage or direct subscription. There aren’t any of the more sophisticated strategy tools that automate complex multi-leg trades.
A powerful trading platform for day traders, Direct Access Software (DAS) is a leader in direct access trading technologies. Take advantage of real-time market data, advanced features, direct access order routing and more. DTP can be connected to Interactive Brokers accounts with subscription packages ranging from $100 to $200-per month based on data package selection. Other online direct access brokers may offer DTP as an optionable trading platform. Many online brokers, such as SpeedTrader and Cobra Trading, offer Das trader PRO at varying rates ranging from free up to $150-per month depending on traded volume, promotions, and data packages. With trading platforms, brokers may offer discounts or even waive the software and platform fees based on total number of shares traded monthly.
Here are the Overall rankings for the 17 online brokers whose offerings we analyze and test, sorted by Overall ranking. Because they share a common platform, DAS Trader brokers compete heavily on price. Here's a summary of the best brokers that have DAS Trader Pro as a platform option. If you wish to take a 14-Day trial of the DAS Trader Pro platform, please do so by clicking here.(The trial is available to first-time users only). We value the information that you share with us, and consequently, your personal information is password-protected and its availability is limited to persons who have a need to know. MT5's secure market gives you access to a huge number of trading robots, technical indicators and scripts.