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Omnibus account

• An account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating broker, rather than designated separately. Related: commission house.

• Is an account carried on the books by one futures commission merchant (FCM) for another FCM. Here, the transactions of multiple accounts are combined and viewed as one for bookkeeping purposes. This operation does not require the disclosure or identification of the underlying account owners.

 
 Embedded terms in definition
 Books
Broker
Commission house
Commission
Futures commission merchant
Futures
Underlying
 
 Related Terms
 

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