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wire house

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wire house

–noun Stock Exchange.
a brokerage firm with branch offices connected with their main office by a private system of telephone, telegraph, and teletype wires.
Also, wirehouse.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

Wire House

A company whose different branches are linked by a communications system enabling the sharing of financial information, research, and prices.

Investopedia Commentary

Banks are a good example of this, the different branches are connected to allow a customer's information to be used at any branch of that bank.

See also: Bank, Brokerage

Also spelled: Wirehouse

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Financial Dictionary

wire house

A relatively large, multioffice brokerage firm that uses electronic communications to transmit customer orders for execution.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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