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No Dealing Desk Broker

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.

Additional Comments:

See also market maker and electronic communications network (ECN).

Related Terms:

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 ...

The lowest price acceptable to a prospective seller of a security. ...

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