With one drop-down menu, it’s possible to select a specific market maker. The ticket is underneath these numbers but within the window. This of course helps day traders more quickly submit orders. Prices are color-coded for quick viewing. Here, you’ll find bid and ask numbers with their market venues. Just right-click anywhere on a chart and choose “Configure.” To change the colors of indicators, click on “Study configure.” Order Entryįor actual order entry, there is the Level II window. A third option is display the chart full-screen. It can also be shown in a small window along with other trading tools. Perhaps DAS has decided that only day and swing traders will be using its software.Ī chart can be minimized completely. Strangely, we were not able to get a graph to display beyond 12 months of price history. A chart comes with technical indicators (only around 40 or so), a right-click menu, and drawing tools. Clicking on this produces a graph, although one graph window is already displayed in Trader Pro’s default layout. There’s also a chart icon in the top row. There are many tutorial videos here that can help beginners on the platform. If you click on it, you’ll be taken to DAS Trader Pro’s YouTube channel. It has a row of icons at the top of the screen, and this is a good place to start.
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Here are the results of our survey: DAS Trader ProĭAS Trader Pro is the software that most day and swing traders will choose.
PlatformsĪt this point, you’re probably wondering what specific features are available on DAS’s platforms. But for accounts with at least $2,500 in assets, the amount of leverage goes up. The broker requires an account balance of just $500 to start day trading.īuying power at CMEG is only 2:1 for stocks priced between $4 and $2. This is because CMEG is located outside the U.S. Using DAS Trader Pro at Capital Markets Elite Group eliminates the SEC’s $25,000 pattern-day trading rule. Ability to use multiple monitors simultaneously.For this reason, DAS and its software may be ideal for many day traders.ĭAS Trader Pro can be used at CenterPoint Securities with the following short-term trading tools: Accounts that pay at least $199 in commissions during the month get the software for free.ĭAS is able to offer sub-millisecond order confirmation because its primary services are located in Nasdaq’s co-location. SpeedTrader DAS ActiveWeb Trader, the browser program, is available at SpeedTrader.Trades of equities on DAS Trader Pro that add or remove liquidity come with fees and rebates. Market data fees are extra and range from $12 to $100, depending on the feed. Clients who trade 250,000 shares or more in a month can use the software for free. Cobra TradingAt Cobra Trading, DAS Trader Pro costs $125 per month.For an extra $50 per month, you get Level I options quotes, DAS’s mobile app, and regional data. More expensive packages offer more perks. Interactive Brokers The basic package costs $100 per month and includes Level I quotes with access to the U.S.Traders who spend $650 or more per month in commissions receive a $90 rebate. Fees range from $20 per month for Nasdaq Total View to $65 for NYSE Open Book. Capital Markets Elite Group The brokerage house charges $90 per month to use DAS Trader Pro.Instead, users must pay for the program via a broker that is contracted with the software company. PricingĪccording to DAS customer service, it’s not possible to access its Trader Pro platform directly from DAS. One master account can manage multiple sub-accounts with software. This program delivers front- and back-office account management and compliance software.ĭAS Trader MTS is the company’s order and risk management trading platform. For other devices, the broker offers a mobile platform at .ĭAS Trader DMAr is a smart routing program that uses one connection to provide access to numerous destinations simultaneously.įor institutional clients, the company offers DAS Trader TRT (trade reporting tools).
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It functions on both Apple and Android phones (and iPod and iPad as well). These include DAS Trader Pro, its flagship desktop program, which we’ll look at here in just a bit.Īlso on the list of trading tools is DAS ActiveWeb Trader, a browser system.Ī mobile app is available, too. Products and Services Offeredĭirect Access Software offers a long list of software programs for both retail and institutional clients. It also provides services that brokerage firms and institutional clients will want to take notice of. Direct Access Software (DAS) is a technology company headquartered in Las Vegas.Īs the name suggests, it offers trading tools with direct access to market venues.
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