Futures Commission Merchant

Also found in: Acronyms.

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 ?
The line that Gensler is walking is intended to allow him to participate in regulatory activities involving futures commission merchants in general without participating in activities involving MF Global in particular.
GCM is, and would continue to be, registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934,(5) and as a futures commission merchant with the Commodity Futures Trading Commission ("CFTC") under the Commodity Exchange Act.
registered futures commission merchant and a member of the National Futures Association.
a registered Futures Commission Merchant and clearing member at the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, Kansas City Board of Trade, Minneapolis Board of Trade, NYSE Liffe US, NYSE Euronext LIFFE, ONEChicago, ICE Futures Europe and ICE Futures USA.
Morgan, which includes prime services and the futures commission merchant.
NASDAQ: PNSN) group of companies and a Futures Commission Merchant that provides execution and clearing services on the world's major exchanges, announced today that it now offers customers access to MetaTrader 4 (MT4), one of the most popular FX trading platforms, as part of Penson Futures' retail FX solutions.
Citi has more than 60 years of experience clearing futures as a futures commission merchant (FCM) and we are committed to providing derivatives clearing services with this same level of excellence across any platform a client chooses.
registered futures commission merchant (FCM) and a member of most major international futures exchanges.
Penson GHCO is a registered Futures Commission Merchant and clearing member at the Chicago Mercantile Exchange, Chicago Board of Trade, London International Financial Futures Exchange, and ICE Futures.
com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826).
The regulations apply to banks and trust companies, savings associations, credit unions, securities brokers and dealers, mutual funds, futures commission merchants, and futures introducing brokers.
The rules require institutions such as banks, savings associations, broker and dealers, and futures commission merchants to establish procedures to verify the identities of new account holders.