Michael Burnbaum: Professional penny stock day traders

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Michael Burnbaum:Professional penny stock day traders ,Professional penny stock day traders who require the ultimate control over their day trades and need to be able to get into and out of penny stock positions at a rapid pace and at specific price points without delay use direct access trading systems (DATs). DATs, while more expensive, provide penny stock day traders additional order routing control and order execution speed, which make DATs worth the additional cost for highly active penny stock day traders. Penny stock day traders use DATs to route penny stock orders directly to market makers, specialists, or electronic communication networks (ECNs), which provides much faster order control and execution versus going through a retail online broker. If a penny stock day trader sees a bid or ask that they would like to trade, they can execute the trade directly and without delay using DATs.



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