Wholesale Market Brokers' Association

The Wholesale Markets Brokers' Association (WMBA) is a London-based financial markets body representing the world’s nine largest inter-broker dealers such as BGC, Icap, GFI, Tradition and Tullett Prebon. Its members trade in a wide range of OTC products and derivatives across capital markets, including credit default swaps (CDS).

According to the Financial Times, this once low key organisation 'has become more high profile as inter-dealer brokers push aside rivalry and seek to prevent what they fear could be collateral damage from the current push to “re-regulate” swathes of the financial industry'.

Activities

According to WMBA's website:

London money brokers are the dominant force in wholesale broking internationally with a product base which has grown from routine foreign exchange and money market loans and deposits to embrace bonds, equities and commodities, and their derivatives. The brokers provide the essential oil to the wheels of the dealing markets and their activities reflect the continual change taking place in these markets, particularly in the development of new financial instruments.

Lobbying

WMBA employs lobbying agency Hume Brophy

People

• David Clark, chairman, has worked in the City for nearly 40 years and chaired the WMBA since 2006. He is the senior independent non-executive director at Tullett Prebon and has worked for Bankers Trust, Commerzbank and Midland Bank, HSBC and Bankgesellschaft Berlin.

Contacts

St Clements House, 27-28 Clements Lane, London EC4N 7AE

http://www.wmba.org.uk