different between wirehouse vs warehouse

English

Alternative forms

• wire-house
• wire house

Etymology

1904, wire +? house (“company”), from earlier private-wire house (1894). Originally referred to brokerage companies that owned or leased telegraph lines, so that market information could be transmitted more quickly. Later generalized to “major brokerage”. Wirehouses are now defined by that they have a direct access to "Fed-Fund Wires", which is the system in which all banks and only the big brokerage houses can "wire" money directly from one account to another. Smaller brokerage firms do not have their own wire line, but need to send transactions by transmitting them through a bank's wire system.

Noun

wirehouse (plural wirehouses)

1. (Canada, US, finance) A major brokerage company, generally nationwide, with multiple branches.
   • 2012, Josh Brown, “Perhaps I’ve Been a Bit Too Harsh…”, Wall Street Journal Financial Adviser, January 25, 2012:

     Ten years ago, the Wall Street wirehouse brokerage firm seemed unassailable – part of the very firmament underpinning the entire investment industry from coast to coast.

2. (Canada, US, finance, obsolete) A brokerage company with a telegraph line, telephone line, or electronic communication network.
   • 1904, N.Y. Evening Post 18 June, 1904 (Financial Section) 1/7

     The so-called ‘wire house’ …is a product of the boom times.

   • 1905, The World’s work, Volume 9, Doubleday, Page & Co.:

     The “market information” is more diversified than formerly, and in many ways the “wire house” can fill a place that the old-style …

Usage notes

In contemporary use generally used narrowly, referring specifically to the Big 4 retail brokerage firms operating in the US: Merrill Lynch Wealth Management, Morgan Stanley, UBS, and Wells Fargo & Co. In looser usage, applied to any large brokerage.

Hypernyms

• brokerage, stockbroker

See also

• bucket shop

References

• “Wire House (Wirehouse)”, The Big Apple, Barry Popik, November 11, 2008
• “wirehouse” in Dictionary.com Unabridged, Dictionary.com, LLC, 1995–present.
• “Wire House”, “Wire House Broker”, Investopedia

English

Etymology

From ware +? house.

Noun

warehouse (plural warehouses)

1. A place for storing large amounts of products. In logistics, a place where products go to from the manufacturer before going to the retailer.

Hypernyms

• house

Derived terms

• warehouseman

Translations

Verb

warehouse (third-person singular simple present warehouses, present participle warehousing, simple past and past participle warehoused)

1. (transitive) To store in a warehouse or similar.
   • 1894, United States. Congress. Senate. Committee on Finance, Opinions of Collectors of Customs Concerning Ad Valorem and Specific Rates of Duty on Imports

     Tobacco, for instance, shrinks materially by frequent reshippings, and as all goods are warehoused as a convenience to importers, duties should be paid on what the importer receives.

2. (transitive) To confine (a person) to an institution for a long period.
3. (transitive, business) To acquire and then shelve, simply to prevent competitors from acquiring it.

   the warehousing of syndicated TV shows

Translations

Anagrams

• houseware