No Dealing Desk (NDD).

The very name of this term perfectly characterizes the concept of No Dealing Desk - trading without creating an internal platform.

No Dealing Desk (NDD) is a method of trading in the forex market that provides trading participants with direct access to the interbank foreign exchange market. In this case, the broker does not have the opportunity to interfere in the trading process.

dealing desk trading , which is practiced by most brokerage firms.

With NDD, the broker enters into agreements with several commercial banks, which act as the primary liquidity providers. The greater the number and size of the partner banks, the lower the spread on major currency pairs and the faster orders are executed on the forex market.

Therefore, it is crucial to work with the largest brokerage firms, as they can provide the best trading conditions for traders.

However, even with No Dealing Desk trading, there are two trading options:

Straight Through Processing – access to the forex market is provided through intermediary banks or large financial companies with direct access to the forex market.

Electronic Communications Network – this option creates a proprietary trading platform, but it is not a dealing desk, as commercial banks and other traders act as counterparties to transactions instead of a broker. Trading conditions under ECN can sometimes differ from those under STP, and not always for the worse.

Regardless of your broker's execution options, be aware of the system used for your specific account category. Even if a company advertises itself as an ECN broker, it may still offer accounts that use DD. This is especially true for micro Forex .