Interdealer systems, also called client-to-dealer systems, typically display to customers the best bid or offer price of those posted by all dealers.

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Interdealer systems are platforms that allow dealers to trade securities or other financial instruments amongst themselves, not directly with clients. Client-to-dealer systems, on the other hand, connect clients with dealers for trading.

Interdealer Systems, Also Called Client-To-Dealer Systems, Typically Display to Customers