Stock Broker No Dealing Desk (NDD)

It is this trading option that can most often be found in advertising of dealing centers, or rather in descriptions of their trading advantages.

No Dealing Desk is a trading system in financial markets without the intervention of a brokerage company, that is, all transactions are processed automatically, without the intervention of an intermediary.

If the Dealing Desk creates its own trading platform inside the dealing center and in most cases the company itself acts as a second party to the transaction, then with NDD all transactions are transferred to the foreign exchange market.

This approach eliminates the company’s interest in the trader’s bankruptcy, since other trading instruments are no longer provided by them, but by their partners (market makers) - large banks or other financial institutions.

Trading scheme using No Dealing Desk

1. The trader opens a new order in his trading terminal.
2. The trader’s terminal transmits the created order directly to the currency exchange (or to the broker’s partner banks).
In fact, this happens simultaneously with the opening of an order. 3. In this case, the broker automatically records the volume of transactions and calculates the spread.

Some traders doubt the honesty of brokerage companies, which claim that they are not involved in the trading process.

But there are some, mostly brokers for scalping , since it is in this situation that there is some paradox, which is visible if spread return .

I have often encountered that when trading using scalping, the amount of the returned spread begins to exceed the amount of funds on deposit.

This only speaks in favor of such a broker, because no one will work at a loss. In addition, additional advantages of trading with No Dealing Desk are:

• Anonymity of Forex transactions.
• High liquidity of the instruments used for trading, which significantly reduces the size of the commission.
• The ability to trade without restrictions, including the use of scalping .
• Reduced technical risks.

With all this, it should be noted that sometimes the order execution scheme directly depends on the open account option. It is clear that cent and mini accounts may not fall into this category.

One of the guarantees that the broker transmits client transactions to the exchange is the presence of ECN accounts, which completely exclude the broker’s intervention in the trading process.

Brokers No Dealing Desk with ECN accounts - https://time-forex.com/vsebrokery/ecn-brokery