Direct Market Access (DMA) Models
BVMF Gateways can be deployed in one of four exchange-supported network configurations for direct market access (DMA) to the UMDF and EntryPoint platforms. The four DMA access models are:
- Model 1, Traditional DMA: Provides access to the exchange by connecting through the brokerage firm’s network.
- Model 2, DMA Provider Access: Network access via a DMA service provider (e.g., TTNET) which uses it’s own infrastructure to connect to the exchange.
- Model 3, Direct Connection: In this model, firms or DMA Traders connect directly to the RCB or RCCF2 networks for access to BVMF.
- Model 4, Co-location: Customer orders are generated by an automated trading system (ATS) hosted on a server that is co-located with the exchange host and matching engine.
Examples: DMA Network Diagrams
Networks deploying BVMF Gateways in a DMA configuration can directly access the exchange’s UMDF and EntryPoint platforms. The following diagram shows a BVMF Gateway used for traditional DMA Access Model 1.
The following shows an example of DMA Access Model 2. Traders connect to the RCB or RCCF2 network using a DMA Provider’s infrastructure, but still maintain a logical link to the broker’s network for risk management