Trading with PureDMA is focused on the DMA-activated Deal Ticket. The quick example below shows how you might consult a DMA Deal Ticket and place a trade on BHP Billiton.
For a full guide to trading with PureDMA, download our Trading Manual:
Example: placing a long trade on BHP Billiton
Say BHP Billiton is trading on the ASX at 27.43/27.47.
On the Deal Ticket you can see the market depth prices of orders to buy and sell.
Judging from the weight of existing orders, you decide to place an order to buy 20,000 shares inside the market spread at 27.45.
Your Deal Ticket is accepted and appears in the Orders to Open panel.
As you are trading inside the spread rather than buying at an immediately available price, there is a short delay as your Order works in the market waiting to be filled.
But as soon as there is sufficient market liquidity at your buying level, the order is filled and we take a parallel position in the underlying market to reflect your new position. In this case, as soon as the order is filled at your price, the trade will appear in your Open Positions panel in PureDeal.
You now have a position in 20,000 BHP Billiton shares at 27.45.