Definitions for "ORDER ROOM"
Keywords:  brokerage, firm, department, buy, wire
Refers to the operating department of a brokerage firm that receives customers' orders from the registered representative and transmits them to the exchange floor where a floor ticket is prepared, or directly to the appropriate registered representatives. (Also known as the order department, wire room, or wire and order.)
The brokerage firm department receives and processes all orders to buy and sell securities.
The department in a brokerage firm that receives and transmits orders to buy or sell securities. Also called the wire room.
Keywords:  splitting, costs
Order splitting Ordering Costs