wire house broker

Definition

A licensed, full-service securities broker directly affiliated with a major, multi-branch brokerage firm. "Wire house" is a term that, at one time, applied to major brokerage firms that dominated the securities industry because of their high-speed, electronic data transfer capabilities which is now available to brokerage firms of all sizes.

Use wire house broker in a sentence

You may want to try and get involved with a wire house broker that can let you know when there is a good eal.

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My father spent most of his career working as a wire house broker, but now the specialized services he provided have been taken over by all sorts of other firms.

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I always contact my wire house broker when attempting to purchase stocks in a timely manner when they hit a low in purchase price, it guarantees that I will be able to sell it more profitably in the future.

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