Inter-Dealer Broker

(redirected from Interdealer Broker)
Also found in: Dictionary.

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 ?
(NASDAQ: INTL) has closed the acquisition of Luxembourg-based interdealer broker Carl Kliem S.A, the company said.
On August 5, 1996, interdealer broker netting members became eligible to participate in the new brokered repo service.
GlobalCapital interviewed senior officials at banks and broker-dealers to determine the interdealer broker award categories and nominees.
ICAP, the world's largest interdealer broker, and rival RP Martin have suspended employees in connection with the probe.
"I am delighted that Risk has named Tullett Prebon the overall number one broker in their interdealer broker rankings, building upon our strong performances over recent years.
That corresponds with falling spot volumes on the trading platforms owned by Thomson Reuters and on EBS, owned by interdealer broker ICAP Plc.
Elsewhere in the FTSE 100, ICAP, the interdealer broker, defied the overriding slump and finished the day up 2% at 343.2p.
ICAP is the world's leading interdealer broker and provider of post trade risk and information services.
ICAP is the world's premier interdealer broker and provider of post trade risk and information services.
One approach -- similar to that used by the Blockcross system licenced in Europe by interdealer broker ICAP -- would be for a matching engine to be linked directly to order and execution management systems to effect matches at a primary mid-point of the primary market.
Employment data dominated traders' thoughts all week, said Kenny Polcari, managing director at interdealer broker ICAP Corporates, and when Friday's figures finally came in they were something of a wash.
The summit was held in conjunction with ICAP - the world's premier interdealer broker - and featured presentations from expert CVA Consultant Robert McWilliam and Andy Shaw, Managing Partner of LINKS Risk Advisory.