Â© British Council. The United Kingdom's international organisation for cultural relations and educational opportunities. A registered charity: 209131 (England and Wales) SC037733 (Scotland).
Look up Omnibus, omnibus, or omnibuses in Wiktionary, the free dictionary. Omnibus is the Latin for for all , and refers to a passenger-carrying vehicle, originally an enclosed horse-drawn one.
Omnibus Account Definition. An omnibus account is formed when a brokerage firm groups together individual accounts to form a unified account at another brokerage firm. Omnibus accounts are popular in futures trading, and they open up new markets and opportunities for a brokerage firm's client base.