Firms that conduct business as broker-dealers
in securities or in the investment
banking field are characterized as houses.
Similar Matches
Automated Clearing House (ACH)
Automated Clearing House (ACH) A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.
Block house
Block house Brokerage firms that help to find potential buyers or sellers of large block trades.
Clearing House Automated Payments System (CHAPS)
Clearing House Automated Payments System (CHAPS) A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).