Wire house

Wire house

An individual or organisation that solicits or accepts orders to buy or sell futures contracts or options on futures and accepts money or other assets from customers to support such orders. Also referred to as "commission house" or Futures Commission Merchant (FCM).

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Commodity exchange
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

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Related terms

wire house

Financial services; Commodity exchange

An individual or organization that solicits or accepts orders to buy or sell futures contracts or options on futures and accepts money or other assets from customers to support ...

wire house

Financial services; General Finance

A firm operating a private wire to its own branch offices or to other firms, commission houses, or brokerage houses.

house

Architecture; General architecture

A building which people, usually one family, live in. All the people living in a house.

house

Performing arts; Theatre

The entire theatre beyond the front of the stage.

house

Convention; Conferences

A synonym for hotel commonly used within the industry. Examples are: full house, house count, house income, house bank and house charge.

house

Financial services; General Finance

Firms that conduct business as broker-dealers in securities or in the investment banking field are characterized as houses.

margin

Financial services; Commodity exchange

Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers' open futures and options contracts. Clearing margins are ...

back pricing

Financial services; Commodity exchange

Fixing the price of a commodity for which the commitment to purchase has been made in advance. The buyer can fix the price relative to any monthly or periodic delivery using the ...

cost of carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carrying charge

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...