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The Role of the Interdealer Brokers

Enrollment in this course is by invitation only

About This Course

Financial institutions utilize the secondary fixed income markets to execute their customers’ orders, trade for a profit and manage their exposure to risk, including credit, interest rate and exchange rate risks. As there is no centralized exchange in the fixed income market, financial institutions need a way to find information, liquidity and anonymity for their trading activity. .

This need created a demand for the services of perhaps the least known and understood market participants, interdealer brokers (IDBs). This short course provides a basic overview of what IDB’s are and how they operate in the markets.

Course Staff

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Presenter: Paul Leslie (ICAP brokers)

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