For Omnibus Account we have terms and definitions in 3 topics. The topics are Finance, Financial and Securities.

Omnibus Account (Finance)

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 (Financial)

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. 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.

Omnibus Account (Securities)

A special account a broker/dealer opens with another firm to trade on behalf of a subsidiary or affiliate. Also, an account an investment adviser opens to trade on behalf of his or her clients, where the brokerage firm does not know the individual identities of the clients.

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