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Futures commission merchant (FCM) |
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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 (FCM) Similar MatchesIndemnity commissionIndemnity commissionWhere a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'. CommissionCommissionCompensation due a real estate broker for acting on behalf of the principal. International Organization of Securities CommissionersInternational Organization of Securities CommissionersIn the US, this organisation encourages co-operative policies on market regulation, surveillance, and enforcement at the domestic and international levels in order to maintain just and efficient securities markets. 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. Underwriting CommissionUnderwriting CommissionThe fee investment bankers charge for underwriting a security issue. Further SuggestionscommissionSecurities and Exchange Commission Rules Securities and Exchange Commission Commodity Futures Trading Commission Commission house Securities & Exchange Commission (SEC) commission house Federal Maritime Commission (FMC) Split commission Commission broker Fee and commission compensation Commodity Futures Trading Commission (CFTC) Commission |
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