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Futures Commission Merchant (redirected from Commodities Brokerage Firms)
Futures commission merchant (FCM)
Futures Commission Merchant
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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.