Inter-dealer broker

(IDB).

Inter-dealer brokers act as intermediaries or agents for wholesale market counterparties in a transaction. The business is conducted by telephone or electronically.

They provide a channel for price data, current and historical, and for market news. They charge a brokerage fee.

By helping price discovery and linking buyers and sellers, potentially worldwide, IDBs promote market liquidity.

See Also

• Broker
• Price discovery
• Wholesale markets