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

NDD Crude Account Oil Trading vs DD Crude Account Oil Trading

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.

DD Crude Oil Trading Accounts

DD stands for dealing-desk, these DD account oil brokers have a dealing desk where they can match trading 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 are not real-time and crude oil broker can requote a oil trader's order if the crude oil price of the crude oil market changes quickly enough before broker's dealing desk places the trading 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 orders executed using a DD Crude Oil Trading Account are not executed as quickly as when compared to an ECN account or an STP trading account.