Wire Room financial definition of Wire Room. Wire Room finance term by the Free Online Dictionary.

Wire room

A department within a brokerage firm that receives customers' orders and transmits the orders to the exchange floor or the firm's trading department.

Wire Room

A department (or a physical room in the office) of a brokerage that receives orders from clients and transmits them to the appropriate broker on an exchange for execution. Likewise, when the order is executed, the wire room is responsible for informing the client. The wire room helps keep the process of placing orders and making transactions as organized as possible. See also: Front office.

wire room

The area in a broker-dealer firm in which customer orders are received from retail offices and are relayed to an exchange floor for execution. Following execution, that information is relayed from the wire room back to retail offices.

Wire room. When brokerage firm orders to buy and sell were handled manually, the firm's back office was called the wire room.

People who worked there received the buy or sell orders that came in from brokers and transmitted them to the firm's trading department or floor traders for execution. The wire room also received notifications when the transactions were completed and sent those notifications back to the brokers who took the orders.

However, as electronic systems increasingly handle these communications, wire rooms have essentially disappeared.

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No references found	Bets from Queens NY were placed through a wire room in Costa Rica, which runners reached either by calling a toll-free phone number or logging onto a website: 50ksports. Arrests in gambling rings by Caribbean Update THE Daily Post once had its own wire room which was a hub of activity for news coming in from around the world. Merseyside wireroom that was a link t o every continent by Daily Post (Liverpool, England) 10 members of the bank's staff arrived at Piscataway and the backup wire room was implemented. World Trade Center explosion sends managers scrambling by Tanzillo, Kevin / Communications News	Windfall Profit Tax Windfall Profits Tax Windfall Shares Winding Up Winding-Up Order Windmill Window Window contract Window Dressing Window Envelope Window Guaranteed Investment Contract Window Period Window Settlement Window Streamer Window Tax Windstorm Hazard Windstorm Insurance Winner's Curse Winnipeg Commodity Exchange Winter Range Form Wipe Wipeout Wire Fate Item Wire Fraud Wire House Wire Room Wire Side Wire Transfer Wire-O Binding Wireless Technology Wireline Wirtschaft Wirtschaftsprufer Wirtschaftswunder Wisconsin State Life Fund With Approved Credit With Average With Dividend With Ice With Interest With or Without With Particular Average With rights With the Grain With Warrants With-Profits Bond With-Profits Policy Withdrawal Withdrawal Benefits Withdrawal Notice Withdrawal Plan	wire muzzle wire muzzle Wire nail Wire nail Wire netting Wire nut Wire O Binding Wire O Bindings Wire obstacle Wire Obstacle Warning System Wire Obstacles Wire photo Wire photo Wire picture Wire picture Wire picture wire printer wire printing Wire protocol wire rack wire rate Wire Receive wire recorder wire recorder Wire recording Wire recording Wire recordings Wire Reinforcement Institute, Inc. Wire rod Wire rod Wire Room Wire Rooms wire rope wire rope wire rope Wire Rope Corporation of America Wire Rope Safety barrier Wire Rope Safety Fence Wire Rope Technology Aachen wire ropes wire ropes Wire saw Wire saw Wire saw wire saw introducer wire saw introducer wire saw introducer wire scratcher Wire Send wire service wire service Wire services Wire services Wire Serving Office Wire Side Wire Sides wire size Wire Sizing Amps Wire speed Wire Strike Protection System Wire stripper

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Bets from Queens NY were placed through a wire room in Costa Rica, which runners reached either by calling a toll-free phone number or logging onto a website: 50ksports.

Arrests in gambling rings by Caribbean Update

THE Daily Post once had its own wire room which was a hub of activity for news coming in from around the world.

Merseyside wireroom that was a link t o every continent by Daily Post (Liverpool, England)

10 members of the bank's staff arrived at Piscataway and the backup wire room was implemented.

World Trade Center explosion sends managers scrambling by Tanzillo, Kevin / Communications News