What is an NDD What is an online broker? In online trading, a broker is a ... More?
A non-dealing desk (NDD) broker will match a client’s What is a trade order? In trading, an order can be defined... More with a counter-party and will not take the other side of their client’s trade.
NDD brokers are the opposite ofand will often also be a type of .
If a client opens up a buy order, then a third party sells to the client and the non-dealing desk broker has to match them up. If the client sells, then they sell to a third party to which they have been matched by the non-dealing desk broker.
Non-dealing desk brokers make money by adding ato the bid and ask prices they provide to their clients.