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Futures commission merchant

   Also found in: Acronyms 0.01 sec.
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.

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Minneapolis-based Atwood Commodities is a wholly owned subsidiary of Farmland-Atwood, a licensed futures commission merchant that specializes in risk management and financial and grain support services to local grain companies and farmers.
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.
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, Intercontinental Exchange, and International Petroleum Exchange.
 
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