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NDD (No Dealing Desk) Broker

Submitted by admin on Sun, 16/11/2008 - 9:09am.

NDD stands for 'No Dealing Desk'. A no-dealing desk broker uses a matching
system to match orders between its liquidity providers (institutional traders) and it's retail clients. The liquidity providers send in competing bids and offers into
the system, resulting in the best bid and offer being displayed on the retail trader's platform.

A no dealing desk broker does not take a counterpart in it's client's trades but may (and usually does) increase the spread displayed to the retail clients. That is how the NDD broker is compensated for it's services.

Examples of NDD brokers are IBFX, FXDD, FXCM...