What is DD Stock Account in Stocks?

Types of Stocks Accounts DD

DD Stock Accounts

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

The stocks trader trading with a DD account will get a lot of requotes.

Dealing Desks will issue stocks traders with a lot of order requotes, meaning stocks prices of orders are not realtime and the broker can requote a stocks trader's order if the stocks price of the stocks market changes quickly enough before the broker's dealing desk places the trading order online or before they match the order in the online interbank stocks market.

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