Firehouse vs Wirehouse - What's the difference?
firehouse | wirehouse |
(dialectal) A house containing a fire; a dwelling-house, as opposed to a barn, a stable, or other outhouse.
(North America, finance) A major brokerage company, generally nationwide, with multiple branches.
* 2012 , Josh Brown, “
(North America, finance, obsolete) A brokerage company with a telegraph line, telephone line, or electronic communication network.
* 1904 , '' 18 June, 1904 (Financial Section) 1/7
*:The so-called ‘wire house ’ …is a product of the boom times.
* 1905 , The World’s work,
*:The “market information” is more diversified than formerly, and in many ways the “wire house” can fill a place that the old-style …
As nouns the difference between firehouse and wirehouse
is that firehouse is (dialectal) a house containing a fire; a dwelling-house, as opposed to a barn, a stable, or other outhouse or firehouse can be (us|firefighting) a fire station while wirehouse is (north america|finance) a major brokerage company, generally nationwide, with multiple branches.firehouse
English
Etymology 1
From (etyl) .Noun
(en noun)Etymology 2
From .wirehouse
English
Alternative forms
* wire-house * wire houseNoun
(en noun)Perhaps I’ve Been a Bit Too Harsh…]”, (Wall Street Journal) [http://blogs.wsj.com/financial-adviser/ 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.
Volume 9, Doubleday, Page & Co.:
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, stockbrokerSee also
* bucket shopReferences
* “Wire House (Wirehouse)]”, [http://www.barrypopik.com/ The Big Apple], [http://www.barrypopik.com/index.php/new_york_city/comments/about_the_site_editor/ Barry Popik, November 11, 2008 * * “
Wire House]”, “[http://www.investopedia.com/terms/w/wire-house-broker.asp Wire House Broker]”, [http://www.investopedia.com/ Investopedia