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What is the Difference Between Dealing Desk Account and Market Maker Indices Trading Account in Indices Trading?

DD Indices Trading Account vs Market Maker Indices Trading Account


DD Indices Trading Accounts


DD stands for dealing desk, these DD account indices brokers have a dealing desk where they can match orders and execute indices trading order in the online stock indexes market.


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


Dealing Desks will issue indices traders with a lot of order requotes, meaning indices prices of orders are not real time and the stock indexes trading broker can requote a indices trader's order if the stock indexes price of the stock indexes trading market changes quick enough before the broker's dealing desk places the order online or before they match the order in the online stock indexes market.


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



MM Accounts


Market Maker Indices Trading Accounts are indices broker accounts where Market Maker indices brokers have a dealing desk where they can match orders in house without going to the online stock indexes market.


Indices Trading orders can also be executed against their traders - meaning the stock indexes trading broker can take the opposite side of a indices traders open trades.


This stock indexes trading broker can make the decision to either execute a stock indices order that is the opposite of a indices trader's order thus if the indices trader makes a loss the indices broker makes a profit, and if the indices trader makes a profit the indices broker makes a loss.

 

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