What's Difference Between ECN and NDD Commodities Trading Account in Commodities?

ECN Commodities Trading Account vs NDD Commodities Trading Account

ECN Commodities Trading Accounts

ECN Commodities Account stands for Electronic Communication Net-work, these ECN Commodities Trading Account commodity brokers are connected to the inter-bank network directly through an electronic communication network and the commodity orders from the ECN Commodities Trading Account are placed straight to the electronic net-work.

The ECN Commodities Account will display different orders from different banks. The commodity quote placed by these ECNs network of banks are direct from them to the inter bank network and orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their commodity broker.

These ECNs account will charge commissions + spreads for every commodity trade. For these ECN Commodities Account execution technique every trade is matched to another in real time over the inter-bank network - ECN Network.

NDD Commodities Trading Accounts

NDD stand for Non-Dealing Desk commodity execution of orders, these NDD Commodities Trading Account commodity brokers do not implement a dealing-desk this makes this type of order execution to have less trading restrictions as opposed to the Dealing Desk Execution.

NDD Execution means that trades from commodity traders account will be executed directly to interbank exchange commodities market. The orders will be matched with other orders in inter-bank commodity market using the broker Non Dealing Desk order execution model.