On exchange has a particular significance in relation to IG's platform. Here, we define on exchange in general investing and explain what it means to you when trading with IG.
On exchange is a term used to mean that a trade is taking place directly on an order book. It differs from at quote, which is a trade made at the price quoted by a market maker.
DMA, or direct market access, is one way of trading on exchange: allowing you to see the various prices offered on an exchange and identify which prices are best for you.
Our share dealing service searches two market makers for the best at quote prices, as well as dark and lit order books for the best on exchange prices. It then displays the best possible price at which a trade can be made.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.