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SERVICES - INTER DEALER BROKER
Inter Dealer Broker Diagram

T-Zero® delivers a single point of entry for all credit derivative trades executed in the inter-dealer broker ("IDB") market. This includes both electronic and voice executed trades. For voice executed trades,
T-Zero® allows an affirmation service to ensure 100% accuracy in trade capture. The IDB service eliminates the need to build a proprietary link to each broker. This reduces development costs for dealers and speeds time to "go-live".

In addition to providing connectivity, T-Zero® adds value by normalizing trade data to a common format. This includes:

  • RED mappings
  • Counterparty mappings
  • FpML

The T-Zero® IDB Service can be implemented independently from T-Zero®’s Affirmation (our dealer-to-client and dealer-to-dealer affirmation service). Should you choose to utilize T-Zero® Affirmation for voice trades, those affirmations incur standard T-Zero® messaging charges.

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