Single Dealer Platform? Single Bank Platform?

It’s a nuisance that this thing has two names.

A Google search reveals 3.4m hits for “single dealer platform” and only 0.44m for “single bank platform”, so SDP is clearly the most popular term.

But SBP makes sense in some ways. Banks are not always dealers, and it would be nice to have a phrase that naturally covers, say, equities as well as FX and FI. Plus SDP stands for loads of common things, which is very confusing when doing searches or setting up alerts, while SBP is relatively rare (Spontaneous Bacterial Peritonitis sounds like something to avoid).

I’ll follow the crowd and stick with SDP. As far as I’m concerned, the two terms mean exactly the same thing.

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