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 ?
M2 EQUITYBITES-August 9, 2016-GreenKey launches design partner program led by interdealer brokers
TELECOMWORLDWIRE-August 9, 2016-GreenKey launches design partner program led by interdealer brokers
The Profit & Loss Readers Choice FoXy Awards are based on votes from its readers, and recognise banking sector leaders as well as outstanding non-bank providers such as ECNs, interdealer brokers and market data vendors in the FX technology space.
GovPX is owned by four interdealer brokers and 42 government securities dealers.
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.
DealHub's customers include global banks, regional banks, interdealer brokers, FX electronic trading venues and asset managers.
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 ).
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.
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.
One of the country's leading fixed-income interdealer brokers, RW Smith, celebrates 25 years in business today, according to Paige Pierce, Chairman and Chief Executive Officer.