Money Markets International

What Money Markets International does

Money Markets International Limited is a Dublin-based wholesale money broking firm established in 1991, operating exclusively as an intermediary between Irish and international banks in the interbank money market. The firm brokers daily trades of hundreds of millions of euro in money market instruments — including deposits, interest rate swaps, forward rate agreements, certificates of deposit, FX forwards, currency options, repurchase agreements, and swaptions — providing price discovery, market execution, and liquidity to Professional client banks. It is authorized by the Central Bank of Ireland as an Investment Firm under MiFID Regulations 2017 and as a money broker under Section 110 of the Central Bank Act 1989, serving only regulated Eligible Counterparties.

The firm's product set spans the full money market stack, complemented by investment services such as order reception/transmission, order execution, and deposit agent/broker services under IIA authorization. Trade reporting for EU and UK OTC trades is delivered through a partnership with TP ICAP, which provides venue reporting infrastructure. There is no proprietary technology platform; execution is relationship-based via dedicated brokers with deep counterparty networks in Dublin, London, and continental Europe.

MMI earns revenue through transaction-based commissions on wholesale brokerage flow, with pricing negotiated bilaterally and not publicly disclosed. Its go-to-market is purely institutional field sales: direct broker relationships with banks, no retail services, no investment advice, and no traditional marketing channels. Headcount is small (11-50 employees), consistent with a focused interdealer intermediary, and the firm operates from a single headquarters on Lower Baggot Street in Dublin's financial district.

Name

Money Markets International

Legal name

Money Markets International Limited

Website

https://moneymarkets.ie

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Money Markets International is a Dublin-based wholesale money broker, established in 1991, that intermediates money market instruments — deposits, swaps, FRAs, CDs, FX forwards and options, repos, and swaptions — between Irish and international banks for transaction-based commissions.

Ownership category

akta.pro rank

Product category

Wholesale Money Broking

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Money Markets & Short-Term Funding (T-Bills, CP, CDs) (FSACAEAG)

akta.pro secondary industries

Money Markets & Repo Trading Platforms (FSAFANAG), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

Keywords

• Wholesale money broking
• Interbank brokerage services
• Money market instruments
• OTC trade execution
• Institutional FX broking

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Wholesale Brokerage Commission: MMI earns transaction-based fees for brokering money market instruments between banks. This includes execution of OTC products across deposits, derivatives, FX, and fixed income. Revenue is generated through commissions on trade volume executed between institutional counterparties.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Money Markets International is a wholesale money broking firm that intermediates OTC money market instruments between Irish and international banks. The company brokers deposits, interest rate swaps, forward rate agreements, certificates of deposit, FX forwards, currency options, repurchase agreements, and swaptions, providing price discovery, market execution, and liquidity to the Irish wholesale financial system. All clients are classified as Professional clients (Eligible Counterparties) under MiFID, with no retail service offered.

Product overview

Money Markets International is a money broking firm operating as a single unified service offering wholesale brokerage across money market instruments. The company provides eight core money market products: Deposits, Interest Rate Swaps (IRS), Forward Rate Agreements (FRA), Certificates of Deposit (CD), FX Forwards, Currency Options, Repurchase Agreements (REPO), and Swaptions. These products are complemented by investment services including order reception/transmission and order execution. The company also offers trade reporting via TP ICAP UK and EU Venues for regulatory compliance. All services are provided exclusively to institutional clients consisting of Irish and international investment and commercial banks, with the firm acting as an intermediary in the wholesale interbank markets for price discovery and liquidity provision.

Differentiator

Problem solved

Functional benefit

Products and services

• Deposits Brokerage

Quantifiable outcome

• Daily broking of hundreds of millions of euro in trades between banks

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• TP ICAPcoreTechnology or IntegrationMMI has partnered with TP ICAP to provide Venue Reporting of both EU and UK OTC trades. TP ICAP is a leading global markets infrastructure and data provider. This partnership enables MMI to fulfill all trade confirmation requirements via the TP ICAP UK and EU Venues, meeting regulatory reporting obligations for OTC trades.

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Harlow Butler: Specialist interbank money broker focused on the London and European wholesale markets. Directly comparable as a smaller, specialized voice broker intermediating money market instruments between bank counterparties, competing for the same type of institutional flow that MMI serves.
• Compagnie Financière Tradition: Swiss-headquartered interdealer broker with extensive European presence across money market, FX, rates, and credit products. Closely comparable as a wholesale broker intermediating OTC money market instruments between bank counterparties, with operations across multiple European financial centers similar to MMI's London and Dublin coverage.

Broad incumbents

• TP ICAP: Global interdealer broker operating across rates, FX, credit, and money markets with major presence in London and EU venues. Direct comparison point as MMI's strategic partner for venue reporting and as the largest global voice broker across money market instruments MMI brokers.
• GFI Group: Historical interdealer broker in rates, FX, and credit (now owned by BGC Group). Comparable as a wholesale broker intermediating OTC money market instruments for bank counterparties, with similar value proposition of price discovery and liquidity provision that MMI offers.
• BGC Group: Major global interdealer broker (formerly BGC Partners, which absorbed GFI Group) offering brokerage across rates, FX, credit, and equity products. Comparable as a voice and hybrid broker serving institutional bank counterparties in money market instruments, though operating at much larger scale and broader geography than MMI.
• Tullett Prebon: Major interdealer broker (now integrated within TP ICAP) historically operating in money markets, FX, and rates across London and European centers. Highly comparable as a wholesale voice broker serving bank counterparties for money market instruments, and one of the global standards MMI is benchmarked against.
• ICAP (legacy): Predecessor entity to TP ICAP's interdealer broking business; historically the dominant global interbank broker in money markets before the 2016 restructuring. Closely comparable to MMI's core business model as a voice broker of deposits, FRAs, repos, and swaps between institutional counterparties.

Others

• Euro Brokers (historical): Former London-based interbank money broker specializing in Eurocurrency and Eurodollar deposits, which collapsed in the 1990s and was absorbed into successor entities. Historical comparison point for the structural risks facing voice money brokers and a benchmark for what 'largest specialist money broker' looked like before industry consolidation.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/money-markets-limited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Money Markets International