Wire room

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Wire room
When brokerage firm orders to buy and sell were handled manually, the back office of the firm was called the wire room.

Wire room
A department within a brokerage firm that receives customers' orders and transmits the orders to the exchange floor or the firm's trading department.
Wire transfer
Electronic transfer of funds; usually involves large dollar payments.

Wire room
The wire room is the back office of a brokerage firm. People who work there send the buy or sell orders that come in from brokers to the firm's trading department or floor traders.

Wire Room
A financial institution's funds transfer operation, or its operating department.

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