An inter-dealer broker (IDB) is a specialized financial intermediary who facilitates transactions between investment banks, broker-dealers, and other large financial institutions. IDBs work with large blocks of securities where there is low trading volume or when clients seek anonymity on their orders.

How much do interdealer brokers earn?

Base salaries from IDBs are often quite modest, coming in at around 80-120k depending on the product line and seniority, but the real money is made through taking a percentage of the money brokers bring in for the firms.

What is an interdealer trade?

What Is an Interdealer Market? An interdealer market is a trading market that is typically accessible only by banks and financial institutions. It is an over-the-counter (OTC) market that is not restricted to a physical location, nor does it have a centralized exchange or market maker.