Inter-Dealer Broker

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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 ?
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.
com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks.
BGC Partners Inc (NASDAQ: BGCP), one of the world's leading inter-dealer brokers, and China's national investment trust company China Credit Trust Co Limited (CCT), have said that their money broking joint venture, China Credit BGC Money Broking Company Limited, has been granted a business licence by the China Banking Regulatory Commission (CBRC) to operate in Beijing, the first Sino-foreign joint venture inter-dealer broking company to receive such a licence.
PlusFeed now offers essential and significant OTC content from the world's leading inter-dealer brokers and market makers to complement its extensive coverage of global exchange-traded securities.
The IPC Financial Markets Network (FMN) is a robust Ecosystem-as-a-Service solution that integrates a dynamic community of sell-side firms, buy-side firms, inter-dealer brokers, liquidity venues, energy firms, trade lifecycle services, market data providers and clearing/settlement firms.
As a result, IPCs diverse global ecosystem of buy-side and sell-side financial institutions, inter-dealer brokers and other capital market participants can now conveniently access market data for OTCQX, OTCQB and Pink securities.
Nasdaq: BGCP), one of the world's leading inter-dealer brokers, announced today that it has won the Waters Magazine award for Best Interdealer Broker in the magazine's inaugural European Financial IT Awards.
Nasdaq: BGCP), one of the world's leading inter-dealer brokers, announced today that it has won Asia Risk Magazine's inaugural award for Technology Development, in their annual awards announced this week.
Nasdaq: BGCP), one of the world's leading inter-dealer brokers, announced today that it plans to open a new office in Moscow which will be located at Smolenskya.
NASDAQ: BGCP), one of the world's leading inter-dealer brokers, announced today that it has been granted preliminary approval by the China Banking Regulatory Commission ("CBRC") to establish a money broking joint venture company with China Credit Trust Co.
Nasdaq: BGCP), one of the world's leading inter-dealer brokers, announced today the publication of its US dollar overnight index swap (OIS) and euro overnight index average (EONIA) pages as price references by the International Swaps and Derivatives Association (ISDA([R])).
Nasdaq:BGCP), one of the world's leading inter-dealer brokers, announced today the acceptance of its euro interest rate swap (EUR) and US dollar (USD) interest rate swap pages as formally recognised price references by the International Swaps and Derivative Association (ISDA).
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