What is DD Commodity Account Meaning?

Commodity Trading Account Types DD

DD Commodity Trading Accounts

DD stands for dealing desk, these DD commodity account commodity brokers have a dealing desk where they can match orders and execute commodity order in the online interbank commodities market.

The commodity trader trading with a DD commodity account will get a lot of requotes.

Dealing Desks will issue commodity traders with a lot of order requotes, meaning commodities prices of orders are not real-time and commodity broker can requote a commodity trader's order if the commodities price of the commodity market changes quickly enough before the broker's dealing desk places the order online or before they match the order in online inter-bank commodities market.

Dealing Desk accounts therefore means that order execution of commodity orders is not instant and therefore this execution model might mean that orders executed using a DD Commodity Trading Account are not executed as quickly as when compared to an ECN commodity account or an STP commodities trading account.