commission house Hear it!

commission house Definition

commission house

commission house Finance Definition
An individual or business that accepts orders to buy or sell futures contracts or options on futures on behalf of customers. A commission house generally refers to the largest stock brokerage firms that have diversified into numerous financial services products and businesses. Also may be called a wire house, which refers to the fact that in the early days of the stock market only the biggest companies could have their customers wire, or telegraph, their trades.