Question Details

	Username: Fluffy Rating: 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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