[NDD] No Dealing Desk

In the foreign exchange industry, NDD (No Dealing Desk) gives traders direct access to the interbank market. This means that the trade does not go through a dealing desk. NDD brokers use STP (Straight Through Processing) and ECN (Electronic Communication Network) approaches, which often result in tighter spreads. However, fees may apply. On the other hand, DD (Dealing Desk) brokers may take an opposite position to their clients, creating a potential conflict of interest. This widens the spread and increases the likelihood of requotes. Many traders prefer to use NDD brokers as it provides greater transparency and minimizes disputes.