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I have an interview with this commodity brokerage firm that focuses on OTC markets and especially crude oils. I have a few questions. What are some of difference between inter dealer broker and trader possible exit opportunities?

Is it also going to be automated just like traders? Brokers do not take positions themselves; they only communicate markets between different dealers. You should search the internet if you want more explanation on principal vs agent functions. To answer your other questions though, there are virtually no direct exit opportunities from interdealer brokering. There is a very high risk of automation as well, even more than in trading functions in banks. Furthermore, commodities trading is struggling at most banks, and this will create headwinds for brokers who serve those businesses.

While banks recruit from Ivy League schools, brokerages tend to pick random people based on personality more than anything. Brokering is a customer management business. The sell side trader answers the call or IM from the buy side and quotes him a price….

Done at Y dollars a share. Both the buy side and sell side then fill out a little trade blotter or their assistants will - share price and number of shares - for the back office to book into their system.

In my honest opinion, trader job is a dead end job unless you are programming stuff or have full discretion over your books…BUT traders at these IB brokerage firms do not have such discretion…They do however have inner network of fellow sell side and buy side traders…. The traders are putting in the trades but they are following orders from either a senior analyst or PM or CIO from the buyside.

Skip to main content. Be prepared with Kaplan Schweser. It is the best forum. Charterholder 1, AF Points. The difference between inter dealer broker and trader worships the original.

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An Inter-dealer broker IDB is specialist financial intermediary that facilitates transactions between broker-dealers , dealer banks and other financial institutions rather than private individuals. There is no centralized exchange in the fixed income market. As a result, 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, IDBs.

The IDB community distributes information and facilitates transactions in the secondary, or wholesale, financial debt markets between dealers and dealer banks around the world. Typically, markets which make extensive use of IDBs include the corporate bond, fixed income derivatives, U. Government and Agency, municipal securities and emerging markets. Inter-dealer brokers play varying roles in each of the fixed income markets and have become instrumental to their effectiveness and efficiency.

IDBs draw together buyers and sellers so that trades can be executed by market participants. IDBs provide potential buyers and sellers with the critical market information they need to trade. From Wikipedia, the free encyclopedia. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article needs additional citations for verification.

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