commission house: translation
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 glossary
————
Another term used to describe brokerage firms because they earn their living by charging commissions.
See also Futures Commission Merchant. The CENTER ONLINE Futures Glossary
————
A firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account. Bloomberg Financial Dictionary
* * *
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.