Futures Commission Merchant


 

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Futures Commission Merchant

In 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.



Similar Matches

Commission house

Commission house

Another term used to describe brokerage firms because they earn their living by charging commissions.


Commodity Futures Trading Commission

Commodity Futures Trading Commission

Created by the US Congress in 1974 to regulate exchange trading in futures. URL: http://www.cftc.gov


Indemnity commission

Indemnity commission

Where 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'.


Federal Maritime Commission (FMC)

Federal Maritime Commission (FMC)

A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.


Split commission

Split commission

A commission shared between a broker and a financial adviser or other professional who brought the customer to the broker.


Further Suggestions

commission
Commission
Commission house
Fee and commission compensation
Securities and Exchange Commission
Commission broker
Underwriting Commission
Commodity Futures Trading Commission (CFTC)
Securities & Exchange Commission (SEC)
Securities and Exchange Commission Rules
Commission
Futures commission merchant (FCM)
International Organization of Securities Commissioners


 
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