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Interdealer Broker Jobs (NOW HIRING)

Intern

New York, NY · On-site

$16.50 - $22/hr

About TP ICAP TP ICAP Group is the world's largest interdealer broker, connecting buyers and sellers in global financial, energy, and commodities markets. Our purpose is to improve price discovery ...

Junior Broker - U.S. Inflation

New York, NY · On-site

$75K - $100K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Senior Product Manager - Credit & Equity

New York, NY · On-site

$138K - $182K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Senior Engineer

New York, NY · On-site

$136K - $175K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Front-End Senior Engineer

New York, NY · On-site

$136K - $175K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Trading Systems Support

New York, NY · On-site

$120K - $125K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Software Engineer

New York, NY · On-site

$136K - $175K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Software Engineer

New York, NY · On-site

$136K - $175K/yr

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award ...

Clients include global securities exchanges, trading platforms, index providers, interdealer brokers and market data vendors. Responsibilities Summary: * Engage with clients to understand their ...

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Interdealer Broker information

See salary details

$25.5K

$66.7K

$117K

How much do interdealer broker jobs pay per year?

As of Jul 27, 2026, the average yearly pay for interdealer broker in the United States is $66,677.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,000.00 and $75,000.00 per year, depending on experience, location, and employer.

Who are the biggest interdealer brokers?

The largest interdealer brokers include companies like ICAP (now part of TP ICAP), BGC Partners, and Tradition. These firms facilitate large-scale trading in financial instruments such as derivatives, fixed income, and foreign exchange, often employing advanced trading platforms and requiring strong market knowledge.

What are some common challenges faced by Interdealer Brokers, and how can they be addressed?

Interdealer Brokers often face challenges such as managing high-pressure negotiations, maintaining up-to-date market knowledge, and balancing the interests of multiple clients simultaneously. Successfully addressing these challenges involves strong communication and relationship-building skills, as well as a commitment to continuous learning about market trends and regulatory changes. Many firms provide extensive training and support networks, enabling brokers to collaborate closely with traders, analysts, and compliance teams to ensure smooth transactions and effective risk management.

What are Interdealer Brokers?

Interdealer Brokers (IDBs) act as intermediaries between banks and other financial institutions, helping them buy and sell financial instruments such as bonds, derivatives, and foreign exchange. They do not take positions themselves but facilitate trades by matching buyers and sellers, often in over-the-counter (OTC) markets where direct dealing may be difficult or inefficient. IDBs provide market transparency, liquidity, and efficient price discovery, making them essential players in the global financial markets.

What is the highest salary for a stock broker?

The highest salaries for stock brokers can exceed $1 million annually, primarily through commissions, bonuses, and client assets under management. Top-performing brokers with extensive experience and large client portfolios tend to earn the highest compensation, often supplemented by firm incentives and profit sharing.

Are brokers still a job?

Interdealer brokers are still a recognized profession in financial markets, facilitating trades between institutions such as banks and hedge funds. The role requires strong knowledge of market products, negotiation skills, and often involves working in fast-paced trading environments. While technology has automated some functions, human brokers remain essential for complex negotiations and relationship management.

What are the key skills and qualifications needed to thrive as an Interdealer Broker, and why are they important?

To thrive as an Interdealer Broker, you need a deep understanding of financial markets, strong analytical abilities, and typically a degree in finance, economics, or a related field. Proficiency with trading platforms, market data systems like Bloomberg or Reuters, and relevant regulatory certifications such as FCA approval are essential. Exceptional communication, negotiation, and relationship-building skills set top performers apart in this highly competitive environment. These skills are crucial for facilitating large, complex transactions smoothly and maintaining trusted client relationships in fast-paced markets.

What does an interdealer broker do?

An interdealer broker acts as an intermediary between financial institutions, such as banks and investment firms, to facilitate the buying and selling of securities, commodities, or derivatives. They provide market liquidity, negotiate trade terms, and often work with trading platforms and market data tools to execute transactions efficiently.
More about Interdealer Broker jobs
What states have the most Interdealer Broker jobs? States with the most job openings for Interdealer Broker jobs include:
What job categories do people searching Interdealer Broker jobs look for? The top searched job categories for Interdealer Broker jobs are:
Infographic showing various Interdealer Broker job openings in the United States as of July 2026, with employment types broken down into 2% As Needed, 89% Full Time, 5% Part Time, and 4% Contract. Highlights an 78% Physical, 7% Hybrid, and 15% Remote job distribution, with an average salary of $66,677 per year, or $32.1 per hour.

Full-time

Posted 16 days ago


Job description

As a Senior QA Engineer, you will play a crucial role in validating FMX's trading platforms and ensuring their reliability in high-stakes environments. Your expertise in manual testing, trading protocols, and financial markets will be instrumental in designing robust test plans and collaborating with cross-functional teams. This role offers an opportunity to mentor junior QA team members and contribute to the continuous improvement of QA processes.
  • 8+ years of experience in QA roles within financial markets, trading platforms, or interdealer broker environments.
  • Proficiency in manual testing, including test planning, execution, and defect management.
  • Deep knowledge of trading protocols (FIX, proprietary protocols, market data feeds).
  • Experience building, testing, or supporting trading screens or front-end interfaces.
  • Understanding of order types, execution workflows, market structure, and trade lifecycle.
  • Ability to interpret logs, message flows, and protocol-level interactions.
  • Strong analytical and problem-solving skills, with a trader's mindset.
  • Excellent communication skills for effective cross-functional collaboration.
  • Familiarity with automation frameworks and performance testing is preferred.
  • Experience in interdealer broker environments or OTC markets is an asset.
  • Lead manual testing across trading products, covering functional, regression, integration, and workflow scenarios.
  • Validate trading protocols, including message flows, order lifecycles, and market data interactions.
  • Review and analyze business requirements to design comprehensive test plans and cases.
  • Collaborate with product and engineering teams to refine requirements and identify edge cases.
  • Test and validate trading screens for accuracy, usability, and trader expectations.
  • Reproduce, document, and track defects, working closely with developers for timely resolution.
  • Participate in release readiness, risk assessments, and go/no-go decisions.
  • Mentor junior QA team members and establish best practices for trading system testing.
  • Contribute to the continuous improvement of QA processes, tools, and documentation.