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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 MatchesSecurities and Exchange Commission RulesSecurities and Exchange Commission RulesRules enacted by the SEC to assist in the regulation of US financial SEC. CommissionCommissionA percentage of the sale price which the selling party receives. This can be an estate agent in relation to a property, a broker selling you a mortgage or other products and even a dorr to door salesman selling you a nice new set of double glazing. Split commissionSplit commissionA commission shared between a broker and a financial adviser or other professional who brought the customer to the broker. Indemnity 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'. Securities and Exchange CommissionSecurities and Exchange CommissionThe US federal agency empowered to regulate US financial markets in order to protect investors. All quoted American companies have to comply with SEC rules and regulations, including the filing of quarterly results statements. Further Suggestionscommission houseCommission broker Underwriting Commission Commission house International Organization of Securities Commissioners Securities & Exchange Commission (SEC) Commission commission Commodity Futures Trading Commission Futures Commission Merchant Commodity Futures Trading Commission (CFTC) Fee and commission compensation Federal Maritime Commission (FMC) |
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