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Commodity Futures Trading Commission (CFTC) |
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Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures.Commodity Futures Trading Commission (CFTC) Similar MatchesCommission brokerCommission brokerA broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis. Futures 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. Split commissionSplit commissionA commission shared between a broker and a financial adviser or other professional who brought the customer to the broker. CommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. Commission houseCommission houseA firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account. Further SuggestionsFee and commission compensationindemnity commission Commission Underwriting Commission Federal Maritime Commission (FMC) International Organization of Securities Commissioners Commission Commodity Futures Trading Commission Securities & Exchange Commission (SEC) commission house Securities and Exchange Commission Rules Securities and Exchange Commission Futures Commission Merchant |
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