In simple words, the difference between NDD, Market Maker and ECN are:
Market Maker = Not real market. Broker is against you !
NDD maybe NO dealing desk = Market Maker ! Don’t be fool !
NDD = NON dealing desk = No boker involved
ECN = Real trades, but price fast
Guarentee price but can cheat you is Market Maker
Guarentee price if hit like market maker, but NON dealing desk is NDD
Not guarentee price but real market trade is ECN
Let me give you the difference’s sample:
Market Maker: Online Retail Broker who will take the other side of your trade (aka: they trade against you (more…)