wire house
A person or firm that requests or takes orders to transact futures or option contracts and accepts Funds from clients for that purpose. A wire house operating in the United States needs to register with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant, and could then assist clients in Dealing forex futures and option contracts on U.S. exchanges.
Browse by Subjects
accounting records
VAT receivable
sole agency
control account
value spot