No Dealing Desk Broker
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| A No Dealing Desk (NDD) Broker provides a platform where liquidity providers such as banks can offer prices to the NDD platform. Incoming orders are routed to the best available bid or offer. | ||
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Additional Comments:
See also market maker and electronic communications network (ECN).
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Related Terms: | ||
Offer The lowest price at which the market-maker is willing to sell. ... Discount Broker A brokerage house featuring relatively low commission rates in comparison to a full-service broker. A brokerage firm ... Ask The lowest price acceptable to a prospective seller of a security. ... | ||
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