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Securities > Omnibus Account
The following information is about Omnibus Account.
Omnibus Account Defined
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.
This definition is in context to Securities. See more contextual defintions for Omnibus Account.
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