Imported from previous forum
Huy guys,
Do know the difference between STP and Non-STP DMA Order?
I’m confused. Please help.
RK
Huy guys,
Do know the difference between STP and Non-STP DMA Order?
I’m confused. Please help.RK
Hi Rob,
STP is abbreviation of “Straight though processing” which denotes trading systems which requires either no manual interaction or some manual interaction for whole trade life cycle e.g. everything after submission of Order e.g. processing, execution, booking ,allocation ,settlement occurs automatically.
NON STP systems require manual interaction on some phases of trade life cycle e.g. booking or settlement.
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DMA order is “Direct to Market” order which is opposite to Broker Intervention order i.e. your order will directly routed to market and not touched by broker.