Omnibus Account Definition?

Answer An omnibus account is formed when a brokerage firm groups together individual accounts to form a unified account at another brokerage firm. Omnibus accounts are popular in futures trading, and they... Read More »

Top Q&A For: Omnibus Account Definition

What is an omnibus account?

An ominbus account is an account between two futures brokers. It allows for transactions in individual accounts that are combined through an ominbus account. It provides for simpler management on b... Read More »

Is a 401(k) plan an omnibus account?

An omnibus account is a consolidated position lumping all participant investments in a 401(k) investment choice into a single fund. 401(k) plans require a record-keeper because most are aggregated ... Read More »

Define Omnibus Account?

In futures trading, an omnibus account is an arrangement between two brokerage firms in which multiple individual accounts of the first firm are clustered together to form a single account at the s... Read More »

Account Coordinator Definition?

An account coordinator is a job position designed for creating and maintaining new and existing accounts within an organization. It is a job position requiring great communication skills and calls ... Read More »