Dear All,
Prospreads does offer DMA functionality. It does this by showing the user the prices at which it is able to hedge its client’s spread bets in the underlying markets via its DMA platform. ProSpreads then offers that same functionality to the user. So for example, if a ProSpreads user executed a FTSE 100 Index Bet, he will be trading at the same price, with the same functionality as if he was accessing the underlying market himself (DMA); and a spread is added directly to that price to reflect that the user has executed a spread bet as opposed to a normal trade on the underlying product. This DMA functionality has existed since ProSpreads, previously FuturesBetting.com, was launched in 2005.
Furthermore, we would like to point out that any DMA trading done through a broker will be done in a similar fashion. It will not be the actual client who is entering the underlying market, it will be the broker entering the market on behalf of the client and then charging the client a commission for this.
Kind regards,
Dan
Sales Trader
ProSpreads