Cage(redirected from DDX53)
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A section of a brokerage firm used for receiving and disbursing funds.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A department at a brokerage responsible for receiving and distributing funds, as well as maintaining records. The cage enables the rest of the brokerage to function, especially by keeping records of dividends and other payouts and receiving payments from clients. It is more formally called the cashier's department.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See cashier's department.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.