Dedicated DMA platform

Get direct access to shares and forex markets with L2 Dealer, our downloadable DMA platform

Shares DMA – Trade CFDs or use our share dealing service to trade with no dealer intervention, full market depth and access to dark liquidity pools
Forex Direct – Currency trading at the market price, with liquidity from major providers
Ready to start? Open an account and then register for L2 Dealer using the form below.

Create an account

Is L2 Dealer for me?

L2 Dealer, our downloadable DMA platform, provides powerful, flexible DMA access for advanced traders.

Designed for our own traders, so it’s for people comfortable with the increased complexity of DMA trading

L2 Dealer gives you increased control over your CFD and share dealing account trades

Specifically for traders who are happy to participate directly in the market

Improved liquidity and pricing

Greater liquidity on shares trading through access to primary exchanges, market makers, brokers and MTF dark pools
FX trading via Forex Direct – connect to the liquidity pools of major banks and liquidity providers
Market depth from a range of providers (including full market depth from the LSE)
Order books displayed by individual exchange or in an aggregated window for a consolidated view across all lit venues
Smart order-routing, which automatically sources the best price from several trading venues

Professional order control

Wide range of available order types: pegged, fill or kill, execute and eliminate, good for auction and more
‘Iceberg’ facility: break large shares orders into smaller tranches

Enhanced trading technology

No requotes or dealer-referred tickets
Place basket trades using our Excel-compatible ‘Watchlist Pro’ function
L2 Autotrade automates your trading using algorithms you have created in Excel
Ladder dealing helps you place limit orders fast
Customisable, professional DMA interface
‘One-click’ trading tools and integrated market alerts
Market-linked news feeds and live charts, that switch focus when you do
Over-the-counter shares and forex trading also available

Does it cost extra?

L2 Dealer is free to download. However, depending on the exchange you wish to view or trade on, you may be liable to pay that exchange’s data usage fees. IG will rebate these fees for active traders.

Contact us for more information on these costs plus commission and funding charges.

How does DMA work?

Our DMA service allows you to trade on underlying market prices and depth, but what you’ll actually receive on placing a trade is a CFD from us. It works like this:

DMA displays the best bid and offer price available for a particular market, plus further prices on either side of the order book
You place an order, and we instantaneously conduct a margin check to ensure you have sufficient funds to cover the margin on your proposed trade
If the margin check is satisfied we place an order in the market and, at the same time, create a parallel CFD between you and us
So while you’re trading at market prices, you won’t gain any ownership rights over the equities or currencies that form the subject of your CFD.

Technical requirements

Microsoft .NET framework

L2 Dealer requires the Microsoft .NET Framework 2.0 installed on your computer.

When you install L2 Dealer the program will automatically check for this, and prompt you to install the .NET framework if required.

If you would prefer to install the .NET framework independently, it can be downloaded from Microsoft here.

Alternatively you can go to your computer’s Windows Update page (accessed from your Start menu or at Windows Update) and select .NET from the options in the ‘optional updates’ section.

Comments are closed.