BNP Paribas executes first Direct Market Access order on NSE

New Delhi, Jul 15 (UNI) BNP Paribas Securities Asia today said it has successfully executed its first Direct Market Access (DMA) order on the National Stock Exchange through brokerage Geojit Financial Services.

This is the first DMA transaction since the market regulator SEBI allowed its introduction in April this year.

The company did not disclose the details of the deal.

This is the 15th exchange in the company's DMA offering across Asia, a statement said.

The DMA transacting facility allows institutional investors such as FIIs and mutual funds direct access to the market through terminals.

DMA is expected to offer clients direct control over their orders, faster execution, reduced risk of errors associated with manual orders and better audit trails.

UNI SR PDT RAI2056