Inter-Dealer Broker


Also found in: Dictionary.

Inter-Dealer Broker

1. A brokerage that intermediates trades between dealers in the bond market and some over-the-counter markets.

2. A member firm on the London Stock Exchange that only deals with market makers. That is, this inter-dealer broker does not trade securities with members of the public.

In both cases, inter-dealer brokers work with huge transactions with very small spreads. This means that the percentage of profit on an individual is likely small, but the sheer size of transactions makes up for this.
References in periodicals archive ?
Remate"), one of Mexico's leading inter-dealer brokers, known for its strong interest rate derivatives and bond brokerage businesses.
The latest firms to adopt the award-winning Duco Cube on-demand reconciliation system include a "Tier 1" global bank, a major inter-dealer broker, a Chicago-based futures clearing firm, two proprietary trading firms in Europe and the U.
Shares in financial companies dominated the headline index''s leader board, which was topped by ICAP, the inter-dealer broker, up by over 10%.
The Securities and Exchange Commission has charged a US subsidiary of the world's largest inter-dealer broker, UK-based ICAP with fraud for engaging in deceptive broking activity and making material misrepresentations to customers concerning its trading activities.
Inter-dealer broker ICAP was the Footsie's leading riser, up 13.
Charles was the guest of honour at BGC partners, a global inter-dealer broker, which is holding its annual fundraising day.
is a division of Tullett Prebon pie, a global inter-dealer broker headquartered in London.
BGC, the London-based inter-dealer broker controlled by Cantor Fitzgerald, lost 700 employees in the attack on the Twin Towers in New York in 2001, and the following two years donated all profits on each anniversary to the families of the victims.
Peter has enjoyed a successful career within the inter-dealer broker industry.
Inter-dealer broker Icap was another prominent faller after a downgrade from Morgan Stanley brokers sent it 21p lower to 220.
The double Oscar-winning star showed no fear as he completed deals worth thousands as Charles toured the trading floor of BGC Partners, a global inter-dealer broker.
The biggest climber on the day was inter-dealer broker ICAP plc which jumped 14.
Full browser ?