What's Difference Between Electronic Communication Network and Non Dealing Desk Account in Commodity Trading?

ECN Commodities Trading Account vs NDD Commodities Trading Account

ECN Commodities Trading Accounts

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

The ECN Commodities Account will display different orders from different banks. Commodity trading quote placed by these ECNs network of banks are direct from to the interbank network & orders are executed directly to the inter bank markets once a trader trading with this ECN account places an order with their commodities trading broker.

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

NDD Commodities Trading Accounts

NDD stand for Non-Dealing Desk commodity trading execution of orders, these NDD Commodities Trading Account commodities trading brokers do not have a dealing desk - this makes this type of trade execution model to have less trading restrictions compared to the Dealing Desk Trade Execution Model.

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