Terms starting with D

Dealing Desk

A broker model that manually or algorithmically manages client order flow, often acting as counterparty (B-book) rather than routing to external LPs.

Depth of Market

A real-time display of buy and sell orders at various price levels, showing available liquidity at each price.

Also: DOM, Level 2, Order Book

Direct LP

A single liquidity provider connection where orders are routed directly, without aggregation or composite blending.

Also: Direct Liquidity Provider