What is the Difference Between Electronic Communication Network and Dealing Desk Account in Bitcoin Trading?

ECN BTCUSD Trading Account Bitcoin Trading vs DD BTCUSD Trading Account Bitcoin Trading

ECN BTCUSD Trading Accounts

ECN BTCUSD Account stands for Electronic Communication Net-work, these ECN BTCUSD Trading Account crypto brokers are connected to the interbank network directly through an electronic communication network & crypto orders from the ECN BTCUSD Account are placed straight to the electronic network.

The ECN BTCUSD Account will display different orders from different banks. Bitcoin trading quote placed by these ECNs net-work of banks are direct from them to the inter bank network & orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their cryptocurrency trading broker.

These ECNs trading account will charge commissions + spreads for every bitcoin trade. For these ECN BTCUSD Account execution method every trade is matched to another in real-time over interbank net-work - ECN Network.

DD BTCUSD Trading Accounts

DD stands for dealing desk, these DD account crypto brokers have a dealing desk execution model where they can match orders & execute bitcoin order in the online bitcoin market.

The bitcoin trader trading with a DD account will get a lot of re-quotes.

Dealing Desks will issue bitcoin traders with a lot of order re quotes, meaning bitcoin trading prices of orders are not real time and the cryptocurrency broker can requote a bitcoin trader's order if the bitcoin trading price of the btcusd market changes quick enough before the broker's dealing desk places the trading order online or before they match the order in online bitcoin market.

Dealing Desk accounts therefore means that order execution of cryptocurrency orders isn't instant and therefore this execution model might mean that orders executed using a DD BTCUSD Account aren't executed as quickly as when compared to an ECN trading account or an STP account.