Commodities Brokerage Firms financial definition of Commodities Brokerage Firms
Futures Commission Merchant (redirected from Commodities Brokerage Firms)
Futures commission merchant (FCM)
Futures Commission Merchant
futures commission merchant (FCM)
A firm that carries out futures transactions for another party. Essentially, futures commission merchants are to futures trading what ordinary brokerage firms are to stock and bond trading. Some futures commission merchants are full-line brokerage firms in which futures trades make up only a small part of their business. Also called commodity brokerage firm, futures commission firm.
Futures Commission Merchant (FCM).
A futures commission merchant (FCM) is a person or a firm that acts as an agent to execute buy or sell orders for futures contracts or commodity options.
You may open an account directly with an FCM or place your orders through an introducing broker or commodity trading adviser.
References in periodicals archive
Headquartered in Norman, Oklahoma, PIABA has approximately 375 attorney members who represent investors in disputes with securities and commodities brokerage firms
PaineWebber Group, headquartered in New York City, is one of the nation's largest full-service securities and commodities brokerage firms
ContiCommodity, headquartered in Chicago, was one of the largest commodities brokerage firms
in the world before most of its assets were sold to Refco Inc.