Division of a brokerage firm that accepts, processes, and transmits trading orders received by investors to the trading floor of an exchange. These orders are typically processed immediately and transmitted electronically to the trading floor where a floor ticket is issued so the transaction can be completed.
Related information about wire room:
- Wire Room Definition | Investopedia
A financial institution's funds transfer operation, or its operating department. This department is responsible for receiving customer orders from a registered ...
- What Is a Wire Room?
A wire room is a room which serves as a hub for sending and transmitting customer orders, notifications about trades, and funds. Banks have wire rooms for ...
- Funds Transfer Operations (Wire Room) - FFIEC IT Examination ...
A financial institution's funds transfer operation (wire room) is responsible for originating, transmitting, and receiving payment orders. In less complex financial ...
- Blagojevich retrial agent: FBI describes "Wire Room" - The Blago Blog
May 3, 2011 ... Interception of calls happened at a secure FBI office in the Chicago area, Cain says. It all went down in.
- Wire room - Merriam-Webster Online
wire room. noun. Definition of WIRE ROOM. : a room or establishment where bookmaking is carried on under cover of legitimate business. Origin of WIRE ROOM ...
- definition of Wire room - Advfn.com
- Wire Room - Financial Dictionary - The Free Dictionary
A department within a brokerage firm that receives customers' orders and transmits the orders to the exchange floor or the firm's trading department.
- What is wire room? definition and meaning
Definition of wire room: Division of a brokerage firm that accepts, processes, and transmits trading orders received by investors to the trading floor of an ...