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 ?
BGC became the first interdealer broker to launch an electronic trading solution for NDF Indian Rupee future based instruments in November last year, demonstrating our commitment to staying ahead of the curve to best serve our customers," commented Philip Norton, Executive Managing Director, Global Head of e-Commerce, BGC Partners.
As the world's largest interdealer broker, ICAP will be providing us with reliable and accurate prices that are truly global and reflective of the markets that they operate in.
In September last year it transformed itself into the world's second-biggest interdealer broker after Icap through the acquisition of Prebon.
NEW YORK & LONDON -- Phoenix Partners Group LP, a global interdealer broker, which will be registering as a SEF (Swap Execution Facility) in the United States, will donate 100% of the revenues it generates on Tuesday, February 12, 2013 to The Phoenix Foundation, Phoenix's charitable arm.
Tullett Prebon, one of the world's leading interdealer brokers, has been named as the Commodity Derivatives Interdealer Broker of the Year at GlobalCapital's 2014 Global Derivatives Awards.
ICAP plc, a leading markets operator and provider of post trade risk mitigation and information services, announces that it has been awarded the Americas Interdealer Broker of the Year award from GlobalCapital Derivatives.
connection to one the global interdealer broker after one year of development.
According to Phoenix Partners Group, a leading interdealer broker in the credit derivatives market, the cost of protecting Lehman's debt with credit default swaps for five years declined by 23 basis points to 340 basis points, or USD340,000 a year to protect USD10m of debt, the report said.
BGC won "Global Cross-Asset Interdealer Broker of the Year" and "FX Derivatives Interdealer Broker of the Year" at GlobalCapital's 2014 Global Derivatives Awards which honor the people, companies and deals that made an impact on the global derivatives market during the past twelve months.
interdealer broker marketplace and have testified before Congress as the new regulations were being considered.
L), the world's leading interdealer broker and provider of post trade risk and information services, has raised $17.
Interdealer Brokering: CPC's interdealer broker group is staffed with experienced brokers having long standing relationships with all major fixed income trading desks.