What is Difference Between Non Dealing Desk and DD Indices Trading Account in Indices Trading?

NDD Indices Trading Account vs DD Indices Trading Account

NDD Indices Trading Accounts

NDD stand for Non-Dealing Desk indices trading execution of orders, these NDD Indices Account brokers do not implement a dealing desk this makes this type of order execution to have less trading restrictions as opposed to the Dealing Desk Execution.

NDD Execution means that trades from the traders account will be executed direct to online inter-bank exchange stock index market. The orders will be matched with other orders in the online stock indices market using the broker Non Dealing Desk order execution trade model.

DD Indices Trading Accounts

DD stands for dealing-desk, these DD account indices brokers have a dealing desk execution model where they can match orders & execute indices order in the online stock indices market.

The indices trader trading with a DD account will get a lot of requotes.

Dealing Desks will issue indices traders with a lot of order requotes, meaning indices trading prices of orders are not real-time and stock indices trading broker can requote a indices trader's order if the stock indices trading price of the stock indices trading market changes quickly enough before broker's dealing-desk places the trading order online or before they match the order in online stock indices market.

Dealing Desk accounts therefore means that order execution of stock indices orders is not instant & therefore this execution model may mean that orders executed using a DD Indices Trading Account are not executed as quickly as when compared to an ECN account or an STP trading account.