DAS Trader Review: With DAS Direct Access Software (aka Direct Access Trading), you may become the trader you always wanted to be. To begin with, Trader Pro is a feature-rich trading platform that deserves its own separate and more in-depth review. DAS Active Web: This is the company’s HTML5 browser-based platform. It’s customizable, supports multiple screens, and it’s very fast. Here, you can use it to do stock trading, EFTs, and options trading in addition to complex options strategies (or add additional option legs to create your own).
DAS Trader platform is a direct access trading software with multiple brokers. It allows for a high-speed order execution rate and has full customization. DAS Trader is a premier provider of market data. As well as low-latency connectivity and trading software. Secondly, they provide products and services for individuals, brokers, clearing firms, and institutional trading desks. Thirdly, they provide FIX connectivity and DMA to all the major exchanges and access to all NYSE floor brokers.
Lastly, and most importantly, they provide fast and reliable trading software. Or we wouldn’t be using them with CMEG!
What’s important to any trader? Setting up your chart types and indicators how you like them, and Das lets you do just that. Also, of course, view intraday, day, and previous day charts. Next, select a time frame, easily zoom in and zoom out, and if desired, print or download images of your charts directly to your computer.
DAS Trader Watchlist
The custom watchlist shows quotes of stocks and market quotes, and it displays volume, range, and previous closing prices. Also, here, you can view current-day activity and realized gains & loss history or view unrealized gains and losses for your entire portfolio. Furthermore, DAS Active Web is a boon for social traders. Also, there is a message window and chat feature, enabling traders to send messages to any other user of the DAS system. You can use the Twitter tab to follow the latest tweets.
Moreover, with the searchable news feed, you can keep up with the latest developments. Thus, it lets you choose from categories of news types, like breaking news, top stories, commentaries, and stock alerts.
Consequently, learning how to use DAS Active Web is less difficult. The platform is straightforward and user-friendly. Yet, it still allows for sophisticated trading techniques. And it’s fast, as you would expect. After all, this company made its name by providing efficient, low-latency, high-speed execution of trades. Check out other Das Trader reviews to see what others are saying.
Mobile
DAS Mobile Web, iPhone, and Android – Ideally, you shouldn’t be glued to your desk. And you don’t have to stay glued to your desktop with DAS. You can monitor and execute your trades anytime, anywhere. So go ahead and live life. You can enjoy the fruits of your labor without missing out on a trade. For mobile trading, DAS has you fully covered.
The charts in different types and time frames are interactive with customizable indicators. The platform provides level I and level II information. Account value, buying power, gains and losses, and net PNL are all displayed. Also, you can see what you’re currently holding in your portfolio. It also enables you to set up and execute trades quickly.
As such, you can easily view your trade history and track trades and shares. If that’s not enough, you can configure your settings to show more trade or order history information. It does all this and more, and it’s easy to use. Just download the App from Apple or Google.
Alternatively, what if you don’t have an iPhone or an Android? Likewise, maybe you’ve got a Blackberry (one of the popular BANG Stocks) or another mobile device. In short, it’s not a problem. Indeed, their mobile web platform is designed for most smartphone browsers. Check out a list of the top trading companies.
What Brokers Use DAS Trader?
Brokers such as SpeedTrader, Centerpoint Securities, LightSpeed, and Cobra Trading use the DAS Trader platform. Interactive Brokers also allows you the ability to use DAS as well.
Services
Service Bureau – DAS Trader CSB (Connectivity Service Bureau) is a certified service bureau. And it’s a platinum service bureau partner and a Power Partner 3. The CSB is for clients who require reliable global connectivity to all US Exchange centers. That means GOOD service for you.
Market Data Vendor – DAS Trader MDV real-time data feed technology provides instant market data and Newswire streaming news. Subsequently, as a preferred partner with Nasdaq OMX, DAS is a reseller of Nasdaq TotalView. So you’re getting some of the fastest data available.
Development Environment – DAS Trader DEV also connects its back-end system with the front-end GUI (graphical user interface) to multiple exchanges and destinations. This makes DAS work well across multiple brokers with different variants for other companies, like SpeedTrader and LightSpeed.
Reporting Tools – DAS Trader TRT is a fully integrated firm and broker management tool suite. It assists firms in surveillance and operations. The TRT includes MPID Report Center, IBOSS, OSO Reporting, SEC 605 and 606 Reporting. It also provides pre-trade alert reporting for SEC 15c-3-5, EOD, and real-time drop copies.
Collocation Services – DAS is fast if you’re looking for ultra-low latency. Their Collocation Services (DAS|HUB) at NASDAQ will set you up with gigabit connection pipes to all major exchanges. Please take a look at our stock trading tools page.
Additional Products
DAS Trader MTS: This is designed for financial institutions. Thus, it speedily sends orders to the execution and risk management platforms of brokers and clearing firms. One master account is provided with the ability to monitor all sub-accounts. Likewise, reports can be generated to record trading history and portfolio management.
DAS Trader FIX/API (Financial Information Exchange/Application Programming Interface) – This is a time- and cost-saving product. It provides direct market access at high speeds with low latency to over 100 market destinations.
DAS Trader RMAc (Risk Management Administration control) – This feature-rich product is ideal for Rule 15c3-5 naked access clients, clearing firms, brokers, and multi-firm offices. A single GUI interface administers control of permissions for pre-trade RMA.
DAS Trader DMAr (Direct Market Access router) – This sophisticated smart router enables users to access multiple destinations. Subsequently, this is done via one connection with the lowest latency. It seamlessly integrates the Connectivity Service Bureau, FIX, and Trade Reporting Tools.
DAS Trader Pro Platform Pricing Review
- Basic $100/month
- Limited $250/month
- Standard $500/month
Final Thoughts: DAS Trader Review
By the way, DAS Trader is not a broker. However, they are a provider of solid tools for direct-access brokerage services. Conversely, using any online retail brokerages won’t necessarily give you the advantages of true direct-access trading. We highly recommend CMEG or IB for powering your DAS platform.
In summary, here are the greatest advantages of trading via DAS Trader platforms and tools.
- Fast: I mean, really fast execution, measured in milliseconds.
- Hotkeys: Also worth noting are how editable and fast the hotkeys are. It’s a big attraction for many traders.
- Cost: Lower transaction costs. Usually, fees are per share (ex. $0.005 per share). However, the average retail broker charges on a per transaction basis (ex. $5 per trade).
- Slippage: It is minimal, and you can execute better at a better price. Use your hotkeys!
- Control: You can choose your order routing and send orders to a specific market maker, specialist, or electronic communication network.
- Rebates: Traditional online brokerages often have a flat commission per trade. They profit from selling “liquidity.” But direct-access trading means you can get these gains.
As with anything sophisticated like DAS Trader, new and inexperienced traders may be challenged by direct-access trading. Neophytes should abstain.
If your trading company is providing you with the DAS Trader platform, remember that it will require a good amount of know-how to use their Direct Access Software intelligently and make trade decisions & order routing choices on the fly.
Frequently Asked Questions
Investors cannot purchase shares of Das Trader because the company is privately held.
DAS Trader is direct access trading technology that provides real-time data for clearing firms, online brokers. institutional dealers, and retail traders around the world. It's geared towards traders that need reliable and fast trade executions.
DAS Trader is worth it for day traders that are looking for smarter and quicker trade executions. Their subscription pricing is expensive, though. The Sterling platform is a popular DAS Trader competitor.
No. DAS Trader is not compatible with TD Ameritrade.
No. DAS Trader is not compatible with Charles Schwab.
Yes. Users can trade options on DAS Trader.
- Basic: $100.00
- Standard: $120.00 per month
- Deluxe: $150.00 per month
