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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 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 solid line in Figure 1 shows a case in which a small FCM fuel tank is filled at the same pressure ramp rate.
With AirPlus International's global footprint, FCM clients can now have a uniform payment solution wherever they are and can settle their expenses in their local currency.
The current survey empirically aims to construct a theoretical model which is reliable for predicting undergraduates' satisfaction in FCM context from the perspective of learners' experiential learning.
In order to demonstrate clearly, some sample codes of FCM are shown in Table 2.
A full understanding and appreciation of the positions and roles of the FCM and those of some of its members, but particularly of members that comprise the BCMC, on the resettlement of the first wave of Syrian refugees, requires an understanding of at least two important matters: first, the events that led to Canada's commitment to accept at least 25,000 refugees by the end of 2015, and even more thereafter; and second, the number, categories, and destinations of Syrian refugees arriving in Canada between the latter part of 2015 and the early part of 2016.
We have no knowledge of research comparing doctors who have graduated from residential FCM programs in Brazil and other countries, among those doctors who followed these paths.
FCM methodology has certain drawbacks which are highlighted by researcher Hagiwara [11] .
Through GMF, FCM is helping the Town of Drayton Valley to study the feasibility of building one of the world's most energy-efficient aquatic facilities.
In this paper, our contributions can be divided into two parts: one is the analysis of impact of random projection on FCM clustering; the other is the proposition of a cluster ensemble method with random projection which is more efficient, robust, and suitable for a wider range of geometrical data sets.
The percentage of FCM notifications is again slightly lower than previous years and is a confirmation of the positive trend, as the FCM related notifications accounted for 6.