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| Direct Access FAQs |
What
is direct access?
Direct access trading enables you to establish
direct contact with the exchanges and ECNs (electronic
communication networks).
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What
is the difference between day trading and direct access brokerage?
Day trading is an investment method that involves
trading several times within the same stock exchange
session whereas direct access brokerage is an investment
service that provides direct access to the exchanges
and parallel markets (ECNs).
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What
are ECNs ?
ECNs are electronic communication networks that
disseminate the price and size of open orders and
match buy and sell orders for a given share.
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What
is the difference between Level I and Level II?
Level I provides real-time quotes, including the
highest price, lowest price, bid, ask, volume, price
of the last transaction and any price variation.
Level II indicates the depth of the market, allowing
the investor to see orders behind the bid and ask
for a given share.
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| Trading & Platforms |
I
am a DDweb user and would like to see more than
10 quotes simultaneously. How can I do this?
As a client, you can download DDquotes to
monitor up to 300 real time dynamic quotes simultaneously.
Please ensure that your system meets the minimums
specified in the System
Requirements section.
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How
do I download DDxtra and DDplus?
In the Trading Platforms section,
click on the platform of your choice and follow the
downloading procedures at the very bottom of the
page.
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Are
there any fees for using your platforms?
Yes, DDweb, DDplus and DDxtra have
an utilisation fee. However, it is important to note
that these fees can be waived depending on your monthly
trading volume. To view the fees related to the platforms,
please see our fees & commissions section.
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When
do I start paying for platform fees?
Usage fees are not charged for Disnat Direct Web, Disnat Direct Plus, Disnat Direct Custom platforms for the first two months following first access to your new account (the free months are two calendar months so it is advantageous for your first access be early in the month).
After the first two free months, your account will be charged, at the beginning of each month, based on the platform you use and the activity in the account. Current month billing is based on the number of executed trades in the previous month. If for any reason you foresee not needing to use Disnat Direct’s services and wish to avoid user fees for the following month please notify us by email, of your desire to temporarily suspend your account, before the last day of the current month
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Are my trades cumulative?
All orders are treated individualy and on a daily
basis. Therefore, if several orders for the same
stock are sent during the day, the minimum commission
is applicable on each order. As well, the minimum
commission will be apply each day an order is partially
executed.
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Which
markets can I trade on?
At Disnat Direct, you have access to ECNs
and market makers. This allows you to trade US stocks
on the NASDAQ, NYSE, AMEX, OTCBB and the CBOE. You
can also trade on the TSX Exchange, TSX Venture Exchange
and the Montreal Exchange (options) in Canada.
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| Technical Information |
What
are the minimum technical requirements for your sites and
platforms?
Please see our System
Requirements page for this information.
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Do
I have to be good with computers to be able to use your site?
If you use the Internet regularly and got to this
point on your own, then you have enough experience
to use our site. You do not have to be a computer
expert to successfully manage your own portfolio!
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How do I modify
my screen resolution?
- Click the right mouse button anywhere on the
desktop, and then click on Properties.
- On the Display Properties tab,
click Settings.
- In the Colours list, select
the best colour setting available.
- Move the Screen area pixel slider
as far to the right as possible. Note the number
of pixels.
- In the Colours list, select
the next lower setting. Move the Screen
area slider to the far right and note
the pixels available. Determine which setting gives
you the best resolution. Remember, the more pixels,
the better the resolution.
- Select the colour setting that offers the best
resolution. Click Apply. Windows
will temporarily change your desktop.
If everything appears to be normal, click "Yes" when
the system asks if you want to conserve these
parameters. If a message pops up asking you to
restart your computer, click "Yes".
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How
do I modify the configuration to accept cookies?
In order to activate cookies, go in the "Tools" pull
down menu and select "Internet Options".
Then click on "Security". Then, move the
slider all the way to the bottom, thus indicating
to your browser that you accept cookies.
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| Other |
Are
there additional fees to access the TSX Venture Exchange?
Yes, but only if you do not meet the minimum trading
requirements per month. To find out more about the
additional fee, please see our fees & commissions section.
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How
can I have access to the TSX Venture Exchange?
You must send us an email stating that you wish
to have access to the TSX Venture Exchange.
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How
can I cancel access to the TSX Venture Exchange should I
no longer want it (thereby avoiding the additional fees)?
In order to avoid quote fees for the following
month, you must send us an email before the last
day of the current month.
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How
can I get access to the Montreal Exchange (MX) to trade options?
You need to send us an email stating that you want
to have access to the Montreal Exchange (MX).
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Can
I access my Disnat Direct account from a computer
other than the one I normally use (when I am on vacation,
for example)?
Yes, DDxtra and DDplus users can
use a DDweb access to access their account
using the same user ID and password. DDweb users can access their account just like usual. Make sure
that the computer used meets the minimum
system requirements.
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As
a Disnat Direct client, can I access my account using
my computer at work?
Yes, as long as the computer satisfies the minimum
system requirements. Also, make sure that you
do not have a firewall or Internet security that
would prevent any data transmission.
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| Why
doesn't my demo user ID and password work or it says that
it is invalid?
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Why
can't I log back into my DDweb account?
In order to properly log out, you must click on
log out. If not, you will not be able to log back
in next time, until you call us at 514-842-0582 or
1-877-842-0582.
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Is
there any delayed data on Disnat Direct?
Only Canadian graphs on DDweb are delayed 15 minutes. Everything else is in real-time.
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Can
I combine more than one account to calculate fees and trades?
You can have a single log in for all of the accounts
for which you have trading authorization. Trading
volumes and applicable commissions for the current
calendar month are based on the combined activity
of all accounts linked to the same login ID during
the preceding calendar month. For example, if you
use DDweb and execute 12 trades in your own account
and 4 trades your spouse's account, the commissions
charged in both accounts will be at the preferred
rate (max $9.95) and your platform fees will be waived.
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Can
I trade Bonds and Mutual Funds?
Yes, but only by telephone. Extra charges will
apply. Our platforms were developed for active stock
and option traders.
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Can
I use your services if I come from Asia / Europe / South
America?
Yes, but you must have a Canadian social insurance
number and be a Canadian resident.
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Can
I transfer funds from my Disnat Direct account to my bank?
Can I request a cheque?
Can I convert funds from Canadian to US and vice-versa?
Can I make RSP contributions?
Yes, fund transfers, fund conversions, and RSP
contributions are possible. Please visit the Fund
Transfers section.
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I
do not receive my confirmation slips by mail, how will I
see or receive them?
Confirmation slips are not sent by mail. You can
access this section by going to the DDweb site
in the Client Access section, and then the Confirmations
section. From there you will be able to download
your confirmations to your computer and print them,
if you wish.
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When
will I receive my monthly account statement?
You should receive them around the 15th day of
each month.
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How
can I change my password?
To change your password you must log in to the
DDweb site and go to "Account
Settings" under the Customer Service section.
Input your new password and click Change Data.
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Can
I modify an order that is partially filled?
Yes, you can modify all orders sent to the TSX.
You can also modify orders sent to the US markets
via ARCA.
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Find documents
& user guides »
Disnat Direct Instruction
Manuals (PDF)
DDquotes
DDweb
DDplus
Recognia
How to configure your firewall
Data Export
For any questions,
please contact us:
Client Service
1-866-873-7103
By email
infodisnat@disnat.com
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Disnat offices
Montreal
1170 Peel Street, Suite 105
Montréal, Qc, H3B 0A9
Quebec City
Place de la Cité
2600 Laurier Blvd., Suite 130
Sainte-Foy, QC G1V 4T3
Toronto
145 King St. West, Suite 2750
Toronto, ON M5H 1J8
Vancouver
401 West Georgia St., Suite 1060
Vancouver, BC V6B 5A1
Contact us by phone or email
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