What is a NDD broker

Non-Dealing Desk broker doesn’t interfere in the dealing process providing his clients direct access to the interbank Forex market. In the past this kind of brokerage was the privilege of institutional clients with large sums and huge trading turnover. With recent technological developments it has become available even for the retail trader. Non-Dealing Desk Brokers are split into two sub-categories: “Straight Through Processing (STP)” and “Electronic Communications Network (ECN)”. Brokers fall into two categories: Non-Dealing Desk (NDD) or Dealing Desk (DD)

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Tags: Broker, ECN, NDD, STP