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

STP Crude Account Oil Trading vs NDD Crude Account Oil Trading

STP Crude Oil Trading Accounts

STP Crude Oil Account stands for STP, the STP Crude Oil Trading Account oil brokers will send client orders direct to their Oil Trading Liquidity Provider, the Oil Trading Liquidity Provider is a large bank with deep liquidity to trade on the inter-bank net-work.

An STP Crude Oil Trading Account provided by an STP crude oil broker can either have one Oil Trading Liquidity Provider or many liquidity providers.

The best thing about STP Crude Oil Trading Accounts is that crude oil traders can place their crude oil trades immediately with instant market execution because they have access to interbank markets via their STP crude oil broker.

STP Crude Oil Trading Accounts will not charge commissions, but will charge spreads on crude oil trades. Because Oil traders have access to the inter bank markets trading execution, there is no requotes on the oil orders neither any order waiting for execution, the trading order execution is instant.

NDD Crude Oil Trading Accounts

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

NDD Execution means that trades from the traders account will be executed directly to the 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 order execution model.