Futures Commission Merchant

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Futures commission merchant (FCM)

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 provide margin for any resulting trades or contracts. The FCM must be licensed by the CFTC. Related: Commission house, omnibus account.

Futures Commission Merchant

A broker or brokerage on a futures exchange. A futures commission merchant receives and executes orders on behalf of clients and extends credit for margin transactions. It is also called a commodity broker.

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 ?
55 Security and commodity brokers, and services 0 -1
The companies, through their established relationships with commodity brokers and Futures Commission Merchants, effectively sell the harvested beans overseas through the port in the west of the country.
Commodity brokers and traders can choose from the top commodities futures, including Gold, Silver, Crude Oil, Bonds, the US Dollar index future and much more.
We find that the ratio for the security and commodity brokers industry shows a reversal to a significant increase throughout the second, third, and fourth regimes, as compared to the preenactment period.
This represents the increasing interest of investors as well as the rapidly increasing expertise of commodity brokers.
The Wall Street Journal quoted another source as saying Glencore's decision was based partly on the fact that international banks are increasingly reluctant to provides letters of credit for commodity brokers to fund gasoline sales to Iran because of pressures from the U.
More than 300 members have shown expression of interest including banks, commodity brokers (MCX and NCDEX), exporters, importers, stock brokers (NSE & BSE members) and foreign exchange dealers registered through FEDAI.
For as long as MRFs have existed, a stream of beverage cans and bottles has poured into the front door and been presented to plant managers and secondary commodity brokers charged with the task of sorting, processing and marketing a saleable commodity.
But other industries, including insurance carriers, printing companies, and securities and commodity brokers, will need fewer workers as a result of e-business.
But all that might be about to change after a leading firm of London commodity brokers gave a temp a 10,000 [pounds sterling] bonus after an eight-month assignment.
Table 4 forms efficient portfolios of selected sectors that provide both traditional banking-related services, such as mutual savings banks, savings and loans, and personal and business credit companies and those that provide nontraditional financial services, such as security and commodity brokers and dealers, life insurance underwriters, and security and insurance agents and brokers.
Another new tenant transaction took place at One Paragon Drive in Montvale, where Peony Online, an information provider to commodity brokers, leased 1,382 square feet.