A broker who buys bills of exchange, especially Treasury bills, from traders and sells them to banks and discount houses or holds them to maturity.
In the UK, the discount market refers to a segment of the money market where banks, discount houses, and bill brokers engage in the discounting of bills and short-term financial instruments to facilitate liquidity and profitability.
Lombard Street is a key financial district located in the City of London, renowned for being the historical heart of the money market. It houses many commercial banks, bill brokers, and discount houses, with the Bank of England nearby.
