omnibus account

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.

Omnibus Account

In futures and options, an account that one broker holds with another in which all of the first broker's sub-accounts are combined under one heading and traded in that broker's name.

omnibus account

An account carried by a member firm for a nonmember correspondent firm.