Inter-Dealer Broker


Also found in: Dictionary, Wikipedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Remate Lince, which zeroes in on instruments available in, or linked to, Mexican pesos, operating a pesos bonds division and a derivatives division, complements BGC's existing footprint in Mexico and Brazil in the inter-dealer broker area, the buyer has said.
BGC finalises takeover of Remate Lince
"Our end user customers and inter-dealer broker partners have increasingly been seeking out straight-through-processing and a front-end for trading and execution in global OTC energy markets," said Joe Raia, the CME Group Managing Director for Energy & Metals Products.
CME Group to acquire trading technology provider Elysian Systems
* Cross-in/IDB out (involving a third-party inter-dealer broker as intermediary to effectuate a cross-out); and
The HIRE Act and the IRS address dividend equivalent payments on equity swaps
Inter-dealer broker Tullet Prebon saw its shares crash last week after the company said takeover talks had ended and it reported a 12% fall in revenues to pounds 312m in the first four months of 2010 compared with the same period a year ago.
SHARE TIPS
"What is potentially damaging to London is if the regulatory burden becomes too burdensome," the report quoted Michael Spencer, chief executive of inter-dealer broker Icap, as saying.
New rules worry UK finance executives
ICAP is the world's largest inter-dealer broker with an average daily transaction volume in excess of $700 billion.
Franco Fellah, executive vice president of HK Group, finalized 5 Westport and Norwalk leases
It was recently reported that Michael Spencer, the founder of inter-dealer broker Icap and treasurer of the UK's Conservative Party, has also put a painting, Modigliani's Cariatide, up as collateral for a loan.
Art business: some businesses are doing rather well from the financial crisis, including pizza delivery, pawnbroking--and art loans
Inter-dealer broker Icap was another prominent faller after a downgrade from Morgan Stanley brokers sent it 21p lower to 220.75p.
Falls reflect a negative response to US bail-out; SHARE PRICES MARKET REPORT
(NASDAQ:GFIG <http://studio-5.financialcontent.com/prnews?Page=Quote&Ticker=GFIG>) , a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities.
TW TELECOM INSTALLS PRIVATE, FOUR-NODE NETWORK FOR AMEREX BROKERS
ICAP is the world's premier voice & electronic inter-dealer broker with an average daily transaction volume in excess of 1.5 trillion.
NFBC appoints new CEO
Lena Komileva, a market economist at Tullett Prebon, an inter-dealer broker, said: "It will have a positive impact on the money market, but it's unlikely that it will have any meaningful impact on unlocking mortgage markets."
UK bank offers $100bn lending boost
Cowdrey, married to former top amateur rider Maxine (nee Juster), now assistant to Lady Herries, returned to his role as head of entertainment and charity for leading inter-dealer broker BGC last month.
Cowdrey 'regretfully' at work; Racing people
Financial browser ?
Full browser ?