National Stock Exchange (NSX) today announced that DAS Trader has become a certified Order Management System (OMS) for routing transactions to NSX, complementing the other order routing systems currently utilized by the exchange.
DAS Trader is a Direct Access Software (DAS) technology offered to broker-dealers, clearing firms, hedge funds, trading desks, and proprietary and offshore institutions to enable them to execute transactions on U.S. stock exchanges.
"By adding connectivity to DAS Trader, NSX's customers now can access all of DAS's products, such as DAS Black Box, DAS/WEB and DAS/PRO," said James Kearney, NSX Senior Vice President, Business Development and Client Relations. "DAS trading products integrate with our customers existing systems to help reduce costs and improve efficiency and enable our customers to take advantage of NSX's liquidity, cost-effective pricing and low latency."
"We have worked hard to make our technology the most reliable and efficient system available to traders," said Karen Gentile, President of DAS, Inc. "We built our system based on input we receive directly from traders and our clients as to what they are looking for in a direct access platform such as easy to use, speed, reliability and choice of routing. By adding connectivity with important market centers, such as NSX, we are giving our clients the same tools that professional market makers are already using to make informed trading decisions."