Non-dealing desk (NDD) broker

    By
    Andrey Orlov
    -
    0
    1356

    What is an NDD broker?

    A non-dealing desk (NDD) broker will match a client’s order with a counter-party and will not take the other side of their client’s trade.

    NDD brokers are the opposite of dealing desk brokers and will often also be a type of straight-through processing (STP) broker.

    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 a markup to the bid and ask prices they provide to their clients.

    Also see: