Community Forex Questions
What is non dealing desk?
Is a type of foreign exchange trading that allows access to the interbank market. A broker using a no-dealing desk system, as opposed to a market maker, automatically offsets positions with interbank. To obtain the most competitive bid and ask prices, an NDD broker works with multiple liquidity providers.
No Dealing Desk (NDD) brokers, as the name implies, do not route their clients' orders through a Dealing Desk. Instead, NDD forex brokers send buy and sell orders to the forex market directly (via liquidity providers, banks, other brokers, etc).

Consider No Dealing Desk Brokers to be bridge builders. They match two opposing trades made by two market participants and build a link between them.

The prices you see on your forex trading platform are live quotes from global banks, which means that the price you see when you click is the final price for your position with an NDD broker.

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