A member of a futures exchange, usually a clearinghouse member, through which another firm, broker or customer chooses to clear all or some trades.
A member of a commodity exchange, usually a clearinghouse member, through whom other brokers or customers, clear all or some trades.
Is the clearing member Futures Commission Merchant (FCM) which clears trades for customers and/or other Futures Commission Merchants.
A member of a futures exchange, usually a futures commission merchant, through whom another broker or customer elects to "clear" all or some of his trades.
A member of a commodity exchange, usually a futures commission merchant, through whom another broker or customer elects to clear all or part of its trades.
An exchange member firm, usually a Futures Commission Merchant, through whom another broker or customer elects to clear all or part of its trades.
