Futures Commission Merchant

(redirected from Commodity Brokers)

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 ?
So while our fellow 'Premers' act like football clubs rather than commodity brokers, and strive to engage with the ever-changing world of top-flight football, distasteful although some of those practices are, we amble along in Cherry Pie Creek as if Match of the Day was still in black and white.
"In view of the seriousness of the matter, facts and circumstances of the case, the conduct of the noticee in its functioning as commodity brokers is questionable and has certainly eroded its general reputation, record of fairness, honesty and integrity and has therefore affected its status as a fit and proper person."
The AML/CFT awareness session, organized by the Securities and Exchange Commission of Pakistan (SECP) here at the State Bank of Pakistan building, was attended by a large number of insurance companies, stock brokers, commodity brokers and non-banking financial corporations.
But, if rice miller, sugar miller or flour miller start buying paddy, sugarcane and wheat from this regulated platform (Registered Commodity Brokers) then their complete trade cycle will be documented and they will no longer be able to tax evasion.
Mr Doherty previously worked " Hill Dickinson is one of only three UK firms that specialise in providing litigation services for disputes between commodity brokers, shippers and warehouse firms.
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.
She added: "A lot of these people are commodity brokers, who as well as smuggling drugs, will also smuggle cigarettes or firearms.
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. We are very encouraged with the continuing growth on the Exchange and are optimistic for the coming months as our brokers continue to increase their coverage and focus on various new commodities said PMEX Managing Director Samir Ahmed.
23 -- Sri Lanka's rubber prices had recorded an all time high for the last 130 years, at Rs.654 per kilogram according to Damitha Perera, Director Forbes & Walker Commodity Brokers (Pvt) Ltd on the last auctions on Friday the January 21.
Vincent de Paul compresses about a ton of plastic foam each month, selling it by the truckload to commodity brokers for about 20 cents a pound, Harvey said.