commission house investment & finance definition
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An individual or business that accepts orders to buy or sell futures contracts or options on futures on behalf of customers.
Commission house
Definition:
A Firm that buys and sells futures contracts for customer accounts. Related: futures Commission merchant, omnibus account. ...
Commission house
A term (mostly used in the United States) for brokerage firms that gain the majority of their revenue from fees charged for trading activities.
Free LME Market Data ...
Commission House -the same as Futures Commission Merchant.
Commitments - the same as Open Interest.
Commodity - The goods.
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".
Commission House Broker - A floor broker who is employed by a brokerage house to execute orders on the exchange floor for the firm and its customers.
Commission House:
See Futures Commission Merchant (FCM).
Commodity Pool:
An enterprise in which funds contributed by a number of persons are combined for the purpose of trading futures contracts or commodity options.
Commission house
A firm which buys and sells futures contracts for customer accounts. Related: Futures commission merchant, Omnibus account
Commitment ...
Commission House: See Futures Commission Merchant (FCM).
Commodity: An article of commerce or a product that can be used for commerce. In a narrow sense, products traded on an authorized commodity exchange.
Commission House
A firm that specializes in executing buying and selling orders for customers in spot and/or futures markets for a commission and does not itself deal in futures or actuals.
Commodity ...
[GAO] account executive The agent of a commission house who serves customers/traders by entering their commodity futures and options orders, reporting trade executions, advising on trading strategies, etc.
In commodities futures trading, this is a floor broker, a person who actually executes orders on the trading floor of an exchange; in commission houses, it is account executive or associated person who deals with customers and their orders.
Related: Commission house, Futures commission merchant Open contracts Contracts which have been bought or sold without the transaction having been completed by subsequent sale or purchase, ...
Registered representativeA person registered with the CFTC who is employed by, and soliciting business for, a commission house or futures commission merchant.
Commission House - A brokerage firm which manages futures contracts for customer accounts.
Commodity - Any bulk good that is traded on an exchange.
commission house A firm which purchases and sells only for customer accounts, not for his/her own account. commitment An agreement to perform a particular activity at a certain time in the future under certain circumstances.
A statement sent by a commission house to a customer when a futures or options position has been initiated. The statement shows the number of contracts bought or sold and the prices at which they were bought or old.
P&S (Purchase and Sale Statement): A statement sent by a commission house to a customer when any part of a futures position is offset, showing the number of contracts involved, the prices at which the contracts were bought or sold, ...
ACCOUNT EXECUTIVE - The person who deals with customers and their orders in commission house offices.
ACTUALS - The physical or cash commodity, as distinguished from commodity futures contracts.
A person employed by, and soliciting business for, a commission house or futures commission merchant. See also Associated Person.
Some firms had a battery of telephone operators seated in front of a Teleregister board to supply commission houses with price and volume data. In 1962 two such batteries handled over 39,000 calls per day.[8] ...
Registered representative - A person employed by, and soliciting business for, a commission house or futures commission merchant.
Wire house
A firm operating a private wire to its own branch offices or to other firms, commission houses, or brokerage houses.
 See also: Commission, Trading, Futures, Future, Market
  
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