purchase and sales department
purchase and sales department (P&S)
The department of a brokerage firm that compares details of a trade with the firm identified on the other side of the transaction. In addition, this department processes and mails confirmations to customers.
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.