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Thread: NDD versus ECN versus STP

  1. #1
    Does anyone know the differences between STP AND NDD ECN?

  2. #2
    STP (Straight Through Processing)

    The practical appliion of the term is that it is the part of a platform which gives customers the capability to track orders to liquidity pools of qualified destinations.


    ECN (Electronic Communiions Network)

    The practical appliion of the term is that it is the part of our platform which allows customers to immediately interact with one another anonymously and post bids and offers limits that reflect within a brokers internal order publiion. Typically these orders can be placed to the tenth of a pip, hence cutting considerably into the spread.

  3. #3
    NDD (No Deal Desk)

    Some meticulous brokers employ a team of traders who periodically checks your closed transactions. Should they discover you're making profit, they will announce those transactions No Deal, consequently the title No Deal Desk.


    BTW you forgot the other sort of Brokers

    LOL (Laugh Out Loud)

    this kind of broker is related to NDD brokers if not the same. They track your account and they will LOL at you, if they discover you lost money.

  4. #4
    So if I understand this correctly every NDD model works just with STP . And also a ECN broker works with STP and ECN?

  5. #5
    STP - what you click is what you get

    ECN - Cash moves to the Actual interbank market, not an artificial one created by the broker

  6. #6
    Quote Originally Posted by ;
    STP - everything you click is what you get

    ECN - money moves into the real interbank market, not an artificial one made by the broker
    STP= Straight through processing. It has nothing to do with trading. Its all about the payoff of the trade.

    ECN = Digital Communiions Network. It is a support that is matching. A vendor will fit with a buyer and vice-versa. It is its own exchange.There are not any fixed spreads.The prices are determined by the offers and bids that distinct counterparties set in.

  7. #7
    To makes things clear I found this on the internet

    ECN vs. STP vs. Deal Desk. It needs to be made apparent that there are really
    over two kinds of platforms. A deal desk is a spread platform in which the desk makes their money at the distribute trading against all their customers. This rigs the market contrary to the retail trader since they aren't seeing authentic market quotes. The platform can move their quote wherever they need if they want to fill the client. STP (Straight Through Processing) platforms run directly from the retail client to the banks. The more banks and liquidity from the system, the better that the for the client. ECN (Electronic Communiions Network) platforms let client orders socialize with other client orders. Non-deal-desk (NDD) platforms are either the third or second kind of platform. EFX GROUP / MBTF are equally. We've got over a dozen banks in our network which customers execute against straight (STP), but we also allow customers to hit other customers (ECN) within the conventional pip increments of the banks. We do not shave anything contrary to client executions

  8. #8
    Quote Originally Posted by ;
    NDD (No Deal Desk)

    Some meticulous brokers employ a team of traders who periodically checks your closed trades. If they discover you're making very good profit, they will announce those trades No Deal No Deal Desk.


    BTW you forgot another type of Brokers

    LOL (Laugh Out Loud)

    this kind of broker is linked to NDD brokers if not exactly the same. They track your account and if they discover you're losing money, they will LOL at you.
    Could you give examples?

    Thanks in advance

  9. #9
    Quote Originally Posted by ;
    could you give examples?

    thanks in advance
    Example?

    A Fantastic example is FXOpen!

    All transactions are executed automatically in their host.
    In case you made money, they will periodically remove the transactions asserting either you're trading too aggressively, you have a wrong quote, trading on spikes etc.. But if you lose money doing the same thing, they will LOL in you asserting those transactions are legit. I understand someone losing large quantity of cash here!

  10. #10
    Quote Originally Posted by ;
    Example?

    A good illuion is FXOpen!

    All trades are executed automatically on their server.
    If you made money, they will periodically remove the trades asserting either you're scalping too harshly, you have a wrong quote, trading on spikes etc.. But if you lose money they will LOL in you asserting those trades are legit. I know someone losing huge amount of money here!

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