wire house

Wire House

A company whose different branches are linked by a communications system enabling the sharing of financial information, research, and prices.

Notes:

Banks are a good example of this, the different branches are connected to allow a customer's information to be used at any branch of that bank.

See also: Bank, Brokerage

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Wire house

A firm operating a private wire to its own branch offices or to other firms, commission houses, or brokerage houses.

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wire house

A relatively large, multioffice brokerage firm that uses electronic communications to transmit customer orders for execution.