Direct access

This term has different meanings in different scopes:

Telecommunication

In telecommunication:

1. The capability to obtain data from a storage device, or to enter data into a storage device, in a sequence independent of their relative positions by means of addresses that indicate the physical location of the data.
2. Pertaining to the organization and access method that must be used for a storage structure in which locations of records are determined by their keys, without reference to an index or to other records that may have been previously accessed.

(Source: Federal Standard 1037C)

Stock Exchanges

Direct access trading is a technology in which a client can trade directly to the special people at the exchange, without any brokerage interference with your orders. The special people refer to market makers or specialists who trade with you directly on the floor of an exchange.

The firm who supplies this service is direct-access brokerage firms. The trading using direct access technology is called direct access trading. This trading style is primarily for daytraders or scalpers who value speed of execution and minimize slippage. Direct access trading is not necessary for people like investors who does not mind to lose a few dollars on slippage. See direct access trading for details.

Motorcycle

In motorcycle training in the United Kingdom:

• The Direct Access Scheme allows a person over the age of 21 to avoid the two year/25 kW restriction by taking the practical test on a machine of at least 35 kW (46.6 bhp); you may ride any size of bike if you pass this test. Before taking the practical test you must have successfully completed Compulsory Basic Training (CBT), the Motorcycle Theory Test and have the correct provisional entitlement - allowing you to ride a motorcycle as a learner - on your driving license.