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Forex question Please deine to me what is a cage?
avatar JayV
Question by: JayV - 30 Apr 2013, 04:15:18
Please deine to me what is a cage?
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Answers (1)
avatar user 915
Answer by: Carly - 08 May 2013, 05:23:33

A term used to describe the department of a brokerage firm that receives and distributes physical securities. The cage, as it is known within the industry, is a secure area within a brokerage firm where all physical securities and certificates are housed and stored for safe keeping for the firm and its clientele.

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