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 ?
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.
Remate agreement complements BGC's existing inter-dealer broker businesses in Mexico and Brazil and highlights the company's strategic focus on international expansion
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.
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.
Michael Spencer, chief executive of inter-dealer broker Icap and treasurer of the Conservative Party, saw the value of his stake in the group drop by pounds 583 million during the year.
Cowdrey, married to former top amateur rider Maxine (nee Juster), now assistant to Lady Herries, returned to his role as head of entertainment and charity for leading inter-dealer broker BGC last month.
Inter-dealer broker Icap - a beneficiary of the stock market turmoil - also cheered 12.
para]]Firms Selecting Duco Cube Include Tier 1 Global Bank, Inter-Dealer Broker, Clearing Firm, Proprietary Trading Firms and Physical Bullion Platform[[/para]]
Martins is the second inter-dealer broker and the sixth firm overall, to be fined by the FCA for LIBOR-related failures.
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