Definition of Wire Room

Wire room is the department of a broker dealer that is responsible for routing orders to the markets for execution.

Applying "Wire Room" to Securities Exams:

Various agents in a brokerage firm will receive orders from both retail and institutional clients. Once received from the clients the orders need to be routed to the proper market place to be executed. The wire department will route orders the the NYSE, NASDAQ, and other market places to be filled.

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