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Glite Dictionary
🧑‍💼 A middleman 💱 Between dealers
interdealer

interdealer

1 8.1
A broker who arranges trades between dealers in financial markets
  • noun
  • /ˌɪntərˈdiːlər/
  • Specialized
translation icon : intermediario
  • An interdealer broker facilitates trades between multiple financial institutions, ensuring efficient market transactions.

Examples

  • In effect, the role of an interdealer broker closely resembles that of an exchange.

    Blog text (28)

  • Interdealer brokers perform a price-discovery function, helping banks get a clearer picture of where the instruments are trading.

    Blog text (28)

  • Given the breadth of coverage, we were able to obtain a reasonably complete picture of interdealer transactions and positions.

    Academic text (2016)

  • With their boozy client dinners, big bonuses, and foul-mouthed traders, interdealer brokers are stalwarts of a financial order that is in retreat.

    Blog text (28)

  • Because FX is mainly traded via single dealer platforms, multi-dealer platforms such as FXall, and interdealer marketplaces, it is fragmented in a different way from equities.

    Blog text (11)

  • The interdealer market offers a platform for banks to trade with each other directly, improving liquidity.

  • Most large banks rely on an interdealer to execute trades swiftly and accurately in the financial markets.

Synonyms

broker
vsinterdealer
243 3.5

A person who buys and sells things for other people for a fee

arranges trades specifically between other market traders rather than for clients
dealer
vsinterdealer
  • Specialized
99 4.0

A person or company that buys and sells stocks and money for themselves

acts to arrange or execute trades between other market traders rather than trading for itself
intermediator
vsinterdealer
1 7.7

A person who helps two sides talk and reach an agreement

focuses on arranging trades specifically between other market traders

Surface Forms

interdealer singular
interdealers plural

Morphology

interdealer = dealer (transparent) = inter + dealer

The agent sense ('a dealer who trades with other dealers') is directly derived from 'inter-' + 'dealer' and is consistent with other agentive uses.

Etymology

Interdealer comes from the prefix inter- meaning 'between' and the word dealer meaning 'trader'. So, an interdealer is a person who works 'between' other dealers to arrange trades.