What is an interdealer broker? I was researching something and came upon this designation on a company's website. It seems to be more prevalent in the UK than US, so is this just another name for clearing firm? Or if different, how, and how would a company benefit by trading thru them? Thx.
Instead of two firms trading directly with one another, they can trade through an interdealer broker and maintain a higher degree of anonymity surrounding their trades.