interdealer broker

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interdealer broker

(ˌɪntəˈdiːlə)
n
stock exchange an agent who is paid a commission to bring buyers and sellers together
References in periodicals archive ?
Apart from elevated leverage, the ratings are also constrained by the cyclicality of Cantor's capital markets and real estate activities, resulting in periods of more volatile performance, the structural challenges in the core broker-dealer and inter-dealer broker (IDB) businesses, reputational risk associated with non-core ventures and key-man risk associated with Cantor's CEO.
The latest firms to adopt the award-winning Duco Cube on-demand reconciliation system include a "Tier 1" global bank, a major inter-dealer broker, a Chicago-based futures clearing firm, two proprietary trading firms in Europe and the U.
UK-based Icap, considered to be the world's largest inter-dealer broker, has been fined by the European Commission.
ICAP is an inter-dealer broker that matches buyers and sellers who want to trade in a range of products and Harry was praised when he pushed a deal on the Government bonds desk up by PS5m to PS30m.
13 May 2014 - US brokerage company BGC Partners Inc (NASDAQ:BGCP) said it had wrapped up its acquisition of Mexican inter-dealer broker Remate Lince SAPI de CV.
London, July 2 -- Tullett Prebon Information (TPI), one of the leading global suppliers of over-the-counter (OTC) financial data, has become the first inter-dealer broker information provider to be licensed by the State Council Information Service to distribute data in China.
16 December 2010 - Swedish company Orc Software AB (STO: ORC) said today OTC Europe, a unit of US independent inter-dealer broker in over-the-counter (OTC) commodities OTC Global Holdings, has selected its Orc Trader solution for its carbon options trading operations.
Our end user customers and inter-dealer broker partners have increasingly been seeking out straight-through-processing and a front-end for trading and execution in global OTC energy markets," said Joe Raia, the CME Group Managing Director for Energy & Metals Products.
In addition to MX, TMX Group encompasses equities venues the Toronto Stock Exchange and TSX Venture Exchange, which list around 300 international organisations, as well as a Natural Gas Exchange, Boston Options Exchange, inter-dealer broker Shorcan and investor relations firm Equicom, from its headquarters in Toronto.
Inter-dealer broker Tullet Prebon saw its shares crash last week after the company said takeover talks had ended and it reported a 12% fall in revenues to pounds 312m in the first four months of 2010 compared with the same period a year ago.
What is potentially damaging to London is if the regulatory burden becomes too burdensome," the report quoted Michael Spencer, chief executive of inter-dealer broker Icap, as saying.
ICAP is the world's largest inter-dealer broker with an average daily transaction volume in excess of $700 billion.
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