Inter-Dealer Broker

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Also found in: Acronyms.

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 ?
Tullett Prebon (www.tullettprebon.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.
Tullett Prebon Confirms Support for tpSWAPDEAL
Inter-dealer brokers arrange RPs as well as outright transactions.
When the back office moved to the front burner: settlement fails in the treasury market after 9/11
As a result, full-service brokerage firms and inter-dealer brokers are migrating in greater numbers toward automated trading platforms and digitizing back-office operations, a trend that will likely pick up steam over the next few years.
Fitch: Sector Outlook for Brokerage Firms Upped to Stable for 2018
7 October 2013 - Inter-dealer brokers face significant regulatory challenges with the potential for disruption in established revenue streams according to a new report from New York-based ratings agency Fitch Ratings.
-Inter-dealer brokers face regulatory challenges
His other career highlights included serving as chairman of the Inter-dealer Brokers' Association of Hong Kong, and serving on the executive board of the Treasury Markets Association in Hong Kong.
-BGC Hong Kong names director, Greater China
Summary: Tullett Prebon (LSE: TLPR), one of the world's leading inter-dealer brokers (IDB), has won three Best Broker awards in the 15th annual FX Week Best Bank Awards 2010.
Tullett Prebon Wins Three Best Broker Awards in FX Week's Best Bank Awards 2010
and GFI Group Inc, two Fitch-rated inter-dealer brokers. Bloomberg was the first organization to gain temporary approval as an SEF operator in July.
-New US swap platforms likely to improve pricing transparency, according to Fitch
Formed in 1945, BGC Partners is one of the worldEoACAOs leading inter-dealer brokers, providing integrated voice and electronic services to wholesale market participants across the globe.
Leading International Brokerage Firm Increases Operational Efficiency and Reliability with Brocade
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.
BGC Partners and China Credit JV receives licence in Beijing
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