interdealer

As derivative markets grew over the past decade, so-called interdealer brokers like ICAP built up a lucrative business acting as middlemen between banks and financial institutions that wanted to retain anonymity when trading derivatives and fixed-income products.

ICAP Unit, Ex-Broker Are Fined in Fees Case 2009

Customers in that market, which can range from companies looking to protect against swings in currencies to banks betting on the direction of interest rates, deal either directly with each other, or through intermediaries called interdealer brokers.

J.P. Morgan Adds to Derivatives Muscle 2008

So, for years, financial companies turned to middlemen like Cantor, firms known as interdealer brokers, to trade bonds without tipping their hands.

NYT > Home Page By SUSANNE CRAIG 2011

The latest focus of regulators 'inquiry are firms known as interdealer brokers, or the generally small, independent shops that serve as matchmakers for Wall Street firms trading in credit-default swaps, bonds and other instruments.

Between the Hedges 2008

Investors, too, have pushed back when they expect the first rate rise, according to expectations of a key overnight lending rate provided by interdealer broker ICAP PLC.

U.K. Inflation Slows Jason Douglas 2011

The sterling overnight index average rate, or Sonia, the weighted average rate of all unsecured sterling overnight cash transactions brokered in London, is seen at 1.085% by the time of the December meeting, implying two rate rises by the end of the year, according to ICAP, an interdealer broker.

U.K. Consumers Face Squeeze Ainsley Thomson 2011

Michael Spencer , the chief executive of interdealer broker Icap PLC, is building a house in Kenya that will lie just seven minutes—latitude, not traveling time—from the equator.

Icap Takes Broker Fight to the Electronic Arena Michelle Price 2011

According to prices provided by interdealer broker ICAP, Sonia rates indicate that investors see a 25% chance of a rise in the BOE's key interest rate on Thursday.

Retail Data Point to U.K. Rebound Paul Hannon 2011

U.K. interdealer broker ICAP PLC IAP.LN said Thursday it will consider the possibility of making a bid for the London Metal Exchange.

LSE, SGX in Talks About Joint Bid for LME Alison Tudor 2011

The so-called three-month euro-dollar cross-currency basis swap sank to as low as minus 161 basis points, around five times what it was in July, before settling back to minus 152.5 basis points, interdealer broker ICAP said.

Dollar Funding Pressure at 3-Year High William Kemble-Diaz 2011