Liffe Connect version ten to include DMA function

Liffe has revealed to FO Week that the next release of its Connect trading platform, due in Q4, will include direct market access (DMA) functionality.The concept of DMA has caused controversy among market participants in Europe because it is perceived that risk controls are harder to implement. The system involves a process known as co-location, whereby users who wish to use the service can physically place their execution servers nearer to trading engines at exchanges in order to achieve faster order entry and response times. This especially appeals to algorithmic traders and will boost exchange volumes considerably but it is...