What is the Difference Between Straight Through Processing and Non Dealing Desk Account in Bitcoin Trading?

STP BTCUSD Trading Account Bitcoin Trading vs NDD BTCUSD Trading Account Bitcoin Trading

STP BTCUSD Trading Accounts

STP BTCUSD Account stands for STP, the STP BTCUSD Trading Account crypto brokers will send client orders direct to their Bitcoin Trading Liquidity Provider, the Bitcoin Trading Liquidity Provider is a big bank with deep liquidity to trade on interbank network.

An STP BTCUSD Trading Account provided by an STP cryptocurrency trading broker can either have one Bitcoin Trading Liquidity Provider or many liquidity providers.

The best thing about STP BTCUSD Trading Accounts is that cryptocurrency traders can place their cryptocurrency trades immediately with instant execution because they have access to inter bank market via their STP cryptocurrency trading broker.

STP BTCUSD Accounts won't charge commissions, but will charge spreads on cryptocurrency trades. Because Bitcoin traders have access to the inter bank markets trading execution, there is no re-quotes on the crypto orders neither any order waiting for execution, the trade order execution is instant.

NDD BTCUSD Trading Accounts

NDD stand for Non-Dealing Desk bitcoin trading execution of orders, these NDD BTCUSD Trading Account btcusd brokers do not implement a dealing desk and this is what makes this type of order execution model to have less trading restrictions as opposed to Dealing Desk Order Execution Model.

NDD Execution means that trades from the traders account will be executed directly to the interbank exchange btcusd market. Orders will be matched with other orders in the online cryptocurrency market using the broker Non Dealing Desk order execution trade model.