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 using dealing tables, which is practiced by most brokerage companies.

With NDD, the broker enters into agreements with a number of commercial banks, which act as the main providers of liquidity.

The greater the number of partner banks and the larger they are, the lower the spread for the main currency pairs and the faster orders on the foreign exchange market are executed. That is why it is so important to work with the largest brokerage companies; they are the ones who have the opportunity to provide the best trading conditions for the trader.

But even when trading No Dealing Desk, there are two options for trading:

Straight Through Processing – access to the foreign exchange market is provided through intermediary banks or large financial companies that have direct access to the Forex market.

Electronic Communications Network - with this option, your own trading platform is created, but it is not a dealing table, since instead of a broker, commercial banks and other traders act as counterparties in transactions.

Working conditions with ECN can sometimes differ from trading with STP, and not always for the worse. Whatever execution option your broker has, keep track of which system your particular account category uses. Even if a company advertises itself as an ECN broker, it can always include accounts working with DD. This especially applies to micro forex .