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Commission house |
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Commission houseA firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account.Commission houseAnother term used to describe brokerage firms because they earn their living by charging commissions.Similar MatchesFederal Maritime Commission (FMC)Federal Maritime Commission (FMC)A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses. Securities and Exchange Commission RulesSecurities and Exchange Commission RulesRules enacted by the SEC to assist in the regulation of US financial SEC. Indemnity commissionIndemnity commissionWhere a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'. Securities and Exchange CommissionSecurities and Exchange CommissionThe US federal agency empowered to regulate US financial markets in order to protect investors. All quoted American companies have to comply with SEC rules and regulations, including the filing of quarterly results statements. CommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. Further SuggestionsSplit commissionCommission Commission Commodity Futures Trading Commission (CFTC) Commission broker Underwriting Commission Futures Commission Merchant Securities & Exchange Commission (SEC) International Organization of Securities Commissioners Commodity Futures Trading Commission Fee and commission compensation Futures commission merchant (FCM) |
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