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Commission house |
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Commission houseA firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account.Commission houseAnother term used to describe brokerage firms because they earn their living by charging commissions.Similar MatchesFutures commission merchant (FCM)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. CommissionCommissionCompensation due a real estate broker for acting on behalf of the principal. Securities and Exchange Commission RulesSecurities and Exchange Commission RulesRules enacted by the SEC to assist in the regulation of US financial SEC. Futures Commission MerchantFutures Commission MerchantIn the US, an individual or organisation 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. Commodity Futures Trading Commission (CFTC)Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures. Further SuggestionsFederal Maritime Commission (FMC)Securities and Exchange Commission International Organization of Securities Commissioners Split commission Underwriting Commission Commission broker Commission Commodity Futures Trading Commission Fee and commission compensation commission indemnity commission Securities & Exchange Commission (SEC) |
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