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 ?
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.
Tullett Prebon, one of the world s leading interdealer brokers, today announces the filing of itsSwap Execution Facility ( SEF ) application with the Commodities Futures Trading Commission ( CFTC ).
leading and most well respected interdealer brokers in Brazil.
The issue of whether legislation is needed to expand access to information about securities trading through interdealer brokers appears at present to be very nearly moot.
com), one of the country's leading fixed income interdealer brokers specializing in municipal securities, and is a long-time advocate for small firms.
Corvil, a provider of Operational Performance Monitoring (OPM) for IT, today announced that Tradition, one of the world's largest interdealer brokers in over-the-counter financial and commodity related products, has deployed CorvilNet for real-time trading visibility and operational performance monitoring (OPM) of their Trad-X and ParFX platforms.
funds trade through interdealer brokers as there main route to the liquidity
LOS ANGELES & LAUSANNE, Switzerland -- Gottex Brokers, one of the leading interdealer brokers in interest rate derivative products, announced today that it has opened its first office in the United States, focusing on brokerage services in the secondary market for alternative investments through its specialized entity Gottex Brokers Alternative USA Inc.
TFS is a subsidiary of Compagnie Financiere Tradition (CFT), one of the world's top three interdealer brokers in financial and commodity-related products with a presence in 24 countries and 2,200 employees.
Interdealer brokers facilitate transactions in the wholesale financial markets between dealers, dealer banks, and qualified institutions around the world.
Our new Firebird trading platform augments our greatest strength - our team of brokers - and leverages their broking capabilities in delivering best execution services to our clients, helping to ensure Phoenix Partners Group's position as one of the world's leading interdealer brokers," said Marcos Brodsky, Managing Director and co-Founder of the firm.
Halper pioneered the trading of credit default swaps, and extra-pan-Asian credit products, and built GFI's business into one of the largest interdealer brokers in the Far East.