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Username: Fluffy

Rating:
Guru Stars

Asked to: Anton Luyten

Date Created: 20 Jul 2016
Category 17
Tag Financial
Question What is an 'Omnibus Account'?
Advice from Guru
Hi Fluffy,

An omnibus account is an account between two futures merchants (brokers). It involves the transaction of individual accounts that are combined in this type of account, allowing for easier management by the futures merchant. This protects the identities of the individual account holders, because the futures merchant transacts for them.

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