Inter-Dealer Broker


DEFINITION of 'Inter-Dealer Broker'

1. A brokerage firm operating in the bond or OTC derivatives market that acts as an intermediary between major dealers to facilitate inter-dealer trades.

2. A member of the London Stock Exchange who is only permitted to deal with market makers, rather than the public.

BREAKING DOWN 'Inter-Dealer Broker'

Inter-dealer brokerages operate on very small spreads, but they handle extremely large transactions.

  1. Workable Indication

    A nominal quote in the municipal bond market at which price a ...
  2. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  3. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Form 211

    1. A form that must be completed by a market maker and filed ...
  6. Over-The-Counter Market

    A decentralized market, without a central physical location, ...
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