Futures commission merchant
- A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any money or securities to margin any resulting trades or contracts. The FCM must be licensed by the CFTC. Related: commission house , omnibus account
* * *► See FCM.
* * *futures commission merchant UK US noun [C] FINANCE, STOCK MARKET► a person or organization that buys and sells futures for investors
Financial and business terms. 2012.
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futures commission merchant — ( FCM) An individual or organization that solicits or accepts orders to buy or sell futures contracts or options on futures and accepts money or other assets from customers to support such orders. Also referred to as commission house or wire… … Financial and business terms
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