No Dealing Desk (NDD).
The very name of the term perfectly characterizes the concept of No Dealing Desk - trade without creating an internal site.No Dealing Desk (NDD) - a way of trading in the forex market, which provides Bidders direct access to the interbank foreign exchange market. In this case the broker is unable to intervene in the process of trade.
This method differs significantly from the Dealing Desk for trade with the dealing desk that practiced by the majority of brokerage firms.
When NDD broker enters into agreements with a number of commercial banks, which are the main liquidity providers. The greater the number of partner banks and what they are larger, the lower the size of spreads on major currency pairs and the faster the application are executed in the currency market.
Therefore, it is important to work with the largest brokerage companies, they have the ability to provide the best trading conditions for traders.
But when trading No Dealing Desk There are two ways of trading:
Straight Through Processing - access to the foreign exchange market through intermediary banks or large financial companies that have direct access to the forex market.
Electronic Communications Network - for this option creates its own trading platform, but it is not a dealing desk, as commercial banks here are the counter-parties to broker instead of transactions and other traders. Working conditions at the ECN can sometimes differ from trading on the STP, and not always for the worse.
Whichever of the embodiments is not turned from your broker, make sure that the system on which it runs your expense categories. Even if a company advertises itself as ECN broker, it can always be working on the account and DD. This applies particularly to trade on a micro forex.
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