📖 Financial Lexicon Term
What is NDD?
No Dealing Desk. A brokerage model where trades are executed automatically without human dealer intervention.
Detailed Explanation
An NDD broker provides unfiltered access to the interbank market. It encompasses both ECN and STP models. Because there is no dealing desk, the broker cannot delay orders, issue requotes, or actively trade against the client.
💡 Practical Trading Example
By choosing an NDD broker, you ensure your scalping strategy won't be artificially slowed down by a dealer reviewing your trades.