RE: Would I be correct in saying21 Jun 2018 00:00
Ibug,
You are borrowing stock (shares) on a leveraged basis, so yes, you are trading with actual shares. Using DMA allows you to directly use these shares on L2/the book.
Obviously using leverage gives you far more power to then weigh the book in a certain direction. It is the most riskiest form of trading but also can be the most rewarding.