A firm which buys and sells only for customer accounts, not for his/her own account. see also house.
A firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account.
A term referring to brokerage houses, usually American, which execute general commissionable business on behalf of clients in securities and futures.
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 such orders. Also referred to as "wire house'.
An institution which buys and sells gold futures contracts for accounts of their customers.