Dealing desk brokers are also known as market makers.
Only non-
dealing desk brokers provide such access;
dealing desk brokers fulfill orders in - house and therefore are not DMA brokers.
Not exact matches
Brokers provide access to different types of accounts, as well as two fundamental brokerage models (market maker /
dealing desk and ECN / non-
dealing desk brokerage models).
With the second type of NDD
broker, upon receiving your trade orders they will pass the trade orders directly to another party to be executed by the market maker's
dealing desk.
With the first type (ECN) when you press «Buy» on your trading platform, your trade orders will be processed on the
broker's computer trading system automatically and transmitted through the Electronic Communications Network (ECN) without a
dealing desk (This is where the term «Non Dealing Desk» (NDD) comes
dealing desk (This is where the term «Non Dealing Desk» (NDD) comes fr
desk (This is where the term «Non
Dealing Desk» (NDD) comes
Dealing Desk» (NDD) comes fr
Desk» (NDD) comes from).
Both the Forex ECN and STP
brokers are intermediaries to several
dealing desks or market makers in the global Forex market.
For retail traders, the
brokers «make the market» by executing the trade in - house at the level of the
dealing desk.
Some
brokers operate with a Non
Dealing Desk (NDD) business model.
Also, true ECN
brokers have no
dealing desk.
Stop hunting is a practice where some crooked market maker
brokers move prices move prices using a
dealing desk attempt to stop trades even when actual market prices are still a few points away.
For forex
brokers operating with a NDD (Non
Dealing Desk) business model, only then will traders be required to pay a small commission for each lot traded.
ESN Forex
broker is the
broker that is not provided with a
dealing desk.
With NDD
brokers, there is no
dealing desk and orders are passed on straight to the liquidity providers for execution.