Direct trading
Trade directly with market makers — often outside exchange hours.
In direct trading (over the counter) you trade with a market maker instead of on an exchange. You ask for a quote, see the price and decide within a few seconds whether to accept it. Trading hours are often longer than on the exchange.
Longer hours
Direct trading from start time to end time.
Fixed quote
You see the binding price before you trade.
No exchange fees
Order fee: your price for direct trades.
How a direct trade works
Request a quote
Choose the security, the amount and a trading partner.
Check the price
The quote is valid for a few seconds.
Accept or let it expire
If you accept, the trade is done at exactly that price.
Trading partners: list of market makers.