Direct Access Trading - Variance Trading

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Why Variance?

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Why Variance?
The Execution Advantage

Increased control - that is the power of Direct Access trading technology. In the active trader market, the ability to see the market opportunity and respond quickly can be essential to success. Direct Access technology can provide improved execution speed and streaming real-time data with technical analysis and also could be a gain instead of a loss in fast moving markets.


Advanced Order Routing
Designed to minimize the cost of trading, Advanced Order Routing helps make the best possible price choice. Your orders can be directed to over 450 market makers, 6 ECN's and 9 exchanges.

  • Self-Directed or Intelligent Order Routing: You have choices in routing your orders. Find the best available price on your own or let the CyberTrader Intelligent Order Routing system search the available market for the best possible price.

  • Set Advanced Order Conditions:Follow price movements with Conditional orders designed to help you retain flexibility and even automatically execute if a given condition is met. Choose from an enhanced list of Advanced Order Conditions, including: Auto-Execution, Market Pegging, Discretionary and Hidden Orders.

  • Access to Greater Liquidity:Direct connections to the major ECNs and markets. This ensures fast, reliable access to the NASDAQ Stock Market, INET ECN (formerly Island and Instinet), ArcaEx, Brut, Btrade, New York Stock Exchange, American Stock Exchange, regional stock exchanges and our affiliate's NYSE electronic membership provides access to DOT and Direct+.


Advanced Basket Trading Power
For active traders, baskets are an easier way of trading several stocks very quickly and easily, while retaining very specific control over an individual order within that basket. Basket Orders are for traders who wish to bundle various orders and send them to the marketplace as one package. With our trading platform, Basket Orders are both much more powerful and easier to manage.

  • ”In-Place” Editing Functionality: for each field of a given order within a basket, so the user will be able to quickly modify an order within a basket. Editable criteria include Symbol, Action, Venue, Order Type, Quantity, Limit Price, Stop Price, and Time in Force.

  • Advanced Basket User Interface: Easily create, modify, and trade multiple baskets quickly. Import previously created baskets; submit all or just a select number in the basket.


Special Conditions & Custom Order Routing
With set-up-and-save functionality, you can retain control with enhancements to special conditions orders. Lock in your custom setting placed on orders; no reconfiguring needed. And if you log off, the new conditions are saved. Some of the conditions offered include: Time in Force, Max Floor, Minimum Quantity and Peg Difference.
Account access, trade executions, and system response may be adversely affected by market conditions, quote delays, system performance, and other factors.


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