Forex Broker Types: Dealing Desk and No Dealing Desk
The first step in choosing a forex broker is finding out what your choices are.
You don’t just walk into a restaurant, knowing what to order right away, do you?
Not unless you’re a frequent customer there, of course.
There are two main types of forex brokers:
Dealing Desks (DD)
No Dealing Desks (NDD).
Dealing Desk brokers are also called Market Makers.
No Dealing Desks can be further subdivided into:
Straight Through Processing (STP) and
Electronic Communication Network + Straight Through Processing (ECN+STP).