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 ?
With more than 90 years of experience in the futures industry, Rosenthal Collins Group is one of the world's leading regulated Futures Commission Merchants (FCMs) offering trading execution, clearing, brokerage, managed futures services and a full range of electronic trading services to institutional, commercial, professional and retail customers around the globe.
CFTC Commissioner Jill Sommers, a Republican appointee, recently wrote to Roberts to say that Gensler "has directed commission staff to develop recommendations for enhancing commission and designated self-regulatory organization [DSRO] programs related to the protection of customer funds, which could include changes to commission rules governing futures commission merchants, enhanced commission oversight of DSROs, and possible statutory changes, among other things.
Banks, savings associations, credit unions, trust companies, mutual funds, securities broker/ dealers and futures commission merchants are having to institute customer identification programs as a result of new Patriot Act rules that went into effect Oct.
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.
futures commission merchants (FCMs) and others to offer and sell futures contracts based on the MSCI Japan index and FTSE Japan index to investors in the United States, the OSE said Friday.
com) is one of the oldest, family-operated Futures Commission Merchants in the world.
12, 2012 /PRNewswire/ -- "We commend the Commodity Futures Trading Commission (CFTC) for its decision to permit futures commission merchants to continue to provide critical protections for customers' swap collateral," Deborah Forbes, Executive Director of the Committee on Investment of Employee Benefit Assets (CIEBA) said yesterday.
The proposed rules outline requirements for the following financial institutions: banks and trust companies, savings associations, credit unions, securities brokers and dealers, mutual funds, futures commission merchants, and futures-introducing brokers.
Citi is one of the first Futures Commission Merchants (FCMs) to clear interest rate swap trades for a U.
In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms across North America, Europe and Asia.
Some operate subsidiaries that act as futures commission merchants.
com) develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions.