What's Difference Between DD and Market Maker Crude Oil Trading Account in Oil Trading?

DD Crude Account Oil Trading vs Market Maker Crude Account Oil Trading

DD Crude Oil Trading Accounts

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

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

Dealing Desks will issue oil traders with a lot of order re quotes, meaning oil prices of orders aren't real-time & crude oil broker can requote a oil trader's order if the crude oil price of the crude oil market changes quickly enough before the broker's dealing desk places the order online or before they match the order in the online oil market.

Dealing Desk accounts therefore means that order execution of oil orders is not instant & therefore this execution model may mean that trading orders executed using a DD Crude Oil Account aren't executed as quickly as when compared to an ECN account or an STP account.

MM Accounts

Market Maker Crude Oil Trading Accounts are oil broker accounts where Market Maker oil brokers have a dealing desk where they can match trading orders in house without going to the online oil market.

Oil Trading orders can also be executed against their traders - meaning the broker can take the opposite side of a oil traders open trades.

This crude oil broker can make the decision to either execute a oil order that's the opposite of a oil trader's order thus if the trader makes a loss the broker makes a profit, & if the trader makes a profit the broker makes a loss.