omnibus account

Definition of "omnibus account"
  1. A combined account operated by one futures commission merchant for another, in which multiple customers' transactions are processed
How to use "omnibus account" in a sentence
  1. The futures commission merchant held an omnibus account to process various clients' transactions.
  2. She transferred her transactions to an omnibus account managed by a trusted futures commission merchant.
  3. The company utilized an omnibus account to streamline its futures trading activities.
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