wire house
wire house definition - finance
A
brokerage house whose offices are linked by a communication network to enable
prices, information, orders and research to be distributed to all the offices.
The term is relatively out of date now, but before computers became widely
used, only the largest firms had access to the state-of-the-art equipment that
interconnected their offices. As used today, wire house generally means one of the
biggest brokerage firms.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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