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 The term is relatively out of date now, but before computers became widely used, only the largest firms had access to the state-of-the-art equipment that interconnected their offices.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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