Commission house

A firm which buys and sells future contracts for customer accounts. Related: futures commission merchant, omnibus account. The New York Times Financial Glossary

* * *

   A term used in futures markets to describe a firm that buys and sells contracts for the accounts of customers. Its income is generated by the commission charged for its service.
   ► See also Futures.

Financial and business terms. 2012.

Look at other dictionaries:

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  • Commission House — A brokerage or merchant firm which buys and sells futures contracts for customer accounts. A commission house generates income by charging a commission on the transactions that are made on behalf of the customers. Also known as a Futures… …   Investment dictionary

  • commission house — noun 1. : a concern that sells goods for others on commission 2. : a member firm on an exchange that executes orders to buy and sell listed securities or commodity future contracts * * * a brokerage firm that buys and sells securities on… …   Useful english dictionary

  • commission house — An individual or organization that solicits or accepts orders to buy or sell futures contracts or options on futures and accepts money or other assets from customers to support such orders. Also referred to as wire house . Chicago Board of Trade… …   Financial and business terms

  • commission house — a brokerage firm that buys and sells securities on commission. [1825 35, Amer.] * * * …   Universalium

  • commission house — /kə mɪʃ(ə)n haυs/ noun a firm which buys or sells (usually commodities) for clients, and charges a commission for this service …   Dictionary of banking and finance

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