Futures Commission Merchant

Also found in: Acronyms.

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 ?
The line that Gensler is walking is intended to allow him to participate in regulatory activities involving futures commission merchants in general without participating in activities involving MF Global in particular.
The Board previously has determined by regulation or order that extending credit and engaging in activities related to extending credit; arranging real estate equity financing; acquiring debt in default; leasing personal or real property; financial and investment advisory activities; securities brokerage, riskless principal, private placement, futures commission merchant, and other agency transactional services; investing and trading as principal; buying and selling bullion and related activities; data processing; bank-eligible securities underwriting and dealing; and acting as a digital certification authority, are closely related to banking for purposes of section 4(c)(8) of the BHC Act.
Morgan, which includes prime services and the futures commission merchant.
com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826).
These organizations work with the FIA's futures commission merchants, which are responsible for more than 85 percent of the customer business transacted on U.
NASDAQ: PNSN) group of companies and a Futures Commission Merchant that provides execution and clearing services on the world's major exchanges, announced today that it now offers customers access to MetaTrader 4 (MT4), one of the most popular FX trading platforms, as part of Penson Futures' retail FX solutions.
25 /PRNewswire/ -- TradeLink LLC, a Chicago-based futures commission merchant (FCM), its co-founder, Walt K.
Member NASD, SIPC & NFA), the award-winning securities broker-dealer and futures commission merchant and the principal operating subsidiary of TradeStation Group, Inc.
Citi has more than 60 years of experience clearing futures as a futures commission merchant (FCM) and we are committed to providing derivatives clearing services with this same level of excellence across any platform a client chooses.
Member NASD, SIPC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant.
registered futures commission merchant (FCM) and a member of most major international futures exchanges.
Its subsidiary, Refco, LLC, is the world's largest non-bank futures commission merchant with over US$3.