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   Inter-Dealer Broker (IDB)
   















 

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Inter-Dealer Broker (IDB)

A brokerage firm operating in the sovereign bond or over-the-counter derivatives market which acts as an intermediary between major dealers to facilitate inter-dealer trades that can help dealers balance their books. Inter- dealer brokers take no principal risk and operate on very small spreads, but they may handle extremely large transactions. Also called Dealer-to-Dealer Broker.

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