What's Difference Between Non Dealing Desk and DD Commodities Trading Account in Commodity Trading?

NDD Commodities Trading Account vs DD Commodities Trading Account

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.

DD Commodities Trading Accounts

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

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

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

Dealing Desk accounts therefore means that order execution of commodity orders is not instant & therefore this execution model may mean that orders executed using a DD Commodities Account are not executed as quickly as when compared to an ECN trading account or an STP account.