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 ?
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
Inter-dealer broker Icap was another prominent faller after a downgrade from Morgan Stanley brokers sent it 21p lower to 220.
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ICAP is the world's premier voice & electronic inter-dealer broker with an average daily transaction volume in excess of 1.
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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.
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Inter-dealer broker Icap - a beneficiary of the stock market turmoil - also cheered 12.
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The world's largest inter-dealer broker, who trade in foreign currencies, government bonds and derivatives on behalf of banks, said they were on course for full-year profits at the upper end of analysts' forecasts.
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Martins is the second inter-dealer broker and the sixth firm overall, to be fined by the FCA for LIBOR-related failures.
UK FCA fines Martin Brokers
1 May 2014 - US brokerage company BGC Partners Inc (NASDAQ:BGCP) on Thursday said it had agreed to take over Mexican inter-dealer broker Remate Lince SAPI de CV, without revealing the value of the deal.
BGC to buy Mexico's Remate Lince
Inter-dealer broker ICAP and London Stock Exchange were also down 16.
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Sellers joins Hotspot FX from EBS, inter-dealer broker ICAP's FX platform, where he led new business development.
Knight hires Hotspot FX Europe sales head
Shares in financial companies dominated the headline index''s leader board, which was topped by ICAP, the inter-dealer broker, up by over 10%.
Market posts third successive improvement
Inter-dealer broker ICAP led the blue-chip fallers, continuing its decline on concerns over potential US reforms restricting share dealing by banks.
Late buying lifts blue chip index; market WATCH
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