FUTURES COMMISSION MERCHANT. An intermediary who stands between the brokers in the pits and the nonmember speculating and hedging public. Every brokerage house must be a futures commission merchant in order to do business with the public.
Futures Commission Merchant. An individual or organization which solicits or accepts orders to buy or sell futures contract or commodity options and accepts money or other assets from customers in connection with such orders. An FCM must be registered with the CFTC.
Futures Commission Merchant. An individual or organization which solicits or accepts orders to buy or sell futures or options contracts and accepts money or other assets from customers in connection with such orders. Must be registered with the Commodity Futures Trading Commission.
A firm or individual, licensed by the CFTC, who solicits or accepts purchase or sell orders of futures contracts, subject to the rules of a futures exchange, and who accepts payment from, or extends credit to, the persons whose orders have been accepted.
Futures Commission Merchant; an individual or organization accepting orders to buy or sell futures or futures options. A person or organization in this role needs to be certified by the Commodities Futures Trading Commission.
Futures Commission Merchant. An individual, association, partnership, corporation or trust that solicit or accept orders for the execution of a commodity transaction on and pursuant to the rules of a futures contract market and which accept payment from or extend credit to customers.
Is a type of brokerage firm. See Futures Commission Merchant.
FUTURES COMMISSION MERCHANT. an individual or firm that solicits or accepts orders for the purchase or sale of any commodity for futures delivery on or subject to the rules of any contract market, and which extends credit to those whose orders are accepted.
Futures Commission Merchant. An individual or organization that solicits or accepts orders to buy or sell futures contracts or options on futures and accepts money or other assets from customers to support such orders. Also referred to as "commission house" or "wire house'.
Futures Commission Merchant. An individual or organization accepting orders to buy or sell futures contracts or futures options, and accepting payment for his services. FCMs must be registered with the CFTC and the NFA, and maintain a minimum capitalization of $300,000.
Futures commission merchant. Individuals, associations, partnerships, corporations and trusts that solicit or accept orders for the purchase or sale of futures and options on futures and that accept payment from or extend credit to those whose orders are accepted. FCMs must be registered with the National Futures Association.
Futures Commission Merchant. Individuals, associations, partnerships, corporations and trusts that solicit or accept orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market and that accept payment from or extend credit to those whose orders are accepted.
Futures commission merchant. 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 solicitation or acceptance of orders, accepts any money or securities to margin any resulting trades or contracts. The FCM must be licensed by the CFTC.