Commission-house meaning

A brokerage firm that buys and sells for customers on a commission basis.
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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.
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