What's Difference Between ECN and NDD Crude Oil Trading Account in Oil Trading?

ECN Crude Account Oil Trading vs NDD Crude Account Oil Trading

ECN Crude Oil Trading Accounts

ECN Crude Oil Trading Account stands for Electronic Communication Network, these ECN Crude Oil Trading Account oil brokers are connected to the inter-bank network directly through an electronic communication network & oil orders from the ECN Crude Oil Account are placed straight to the electronic net-work.

The ECN Crude Oil Trading Account will display different orders from different banks. Oil trading quote placed by these ECNs net-work of banks are direct from them to the interbank net-work & orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their crude oil broker.

These ECNs account will charge commissions + spread for every oil trade. For these ECN Crude Oil Trading Account execution technique every trade is matched to another in real time over the inter-bank network - ECN Network.

NDD Crude Oil Trading Accounts

NDD stand for Non-Dealing Desk oil trading execution of orders, these NDD Crude Oil Trading Account crude oil trading brokers do not have a dealing desk - this makes this type of trade execution model to have less trading restrictions compared to Dealing Desk Execution Model.

NDD Execution means that trades from the traders account will be executed direct to online inter-bank exchange crude oil market. The orders will be matched with other orders in online oil market using the broker Non Dealing Desk trade order execution model.