Pico Finance: DEFINITION OF NAKED ACCESS - naked access

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Insight: Brokers point fingers over "naked access" rule - EasyBourse naked access


"Naked access" lets high-speed traders and others buy and sell stocks on exchanges using a broker's computer code without requiring them to.

US regulators unanimously approved a rule that would prevent brokers from allowing trading firms to use their access to exchanges and trading.

The rule approved today prohibits broker-dealers from providing customers with “ unfiltered” or “naked” access to an exchange or ATS.