Futures Commission Merchant - futures.io
futures.io futures trading

Go Back   futures.io

> Trading Wiki > Terms (Glossary)

Futures Commission Merchant

An FCM is an individual or organization which does both of the following:

Solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts* or swaps and
Accepts money or other assets from customers to support such orders.

Registration is required unless:

You handle transactions only for yourself or your firm itself or your firm's affiliates, top officers, or directors or
You are a non-U.S. resident or firm with only non-U.S. customers and you or your firm submits all trades for clearing to an FCM.

All registered FCMs must be Members of NFA in order to conduct futures business with the public.

Source: https://www.nfa.futures.org/nfa-regi...fcm/index.HTML

See also: http://www.cftc.gov/IndustryOversigh...ies/FCMs/fcmib
Created by  steve2222 , January 10th, 2016 at 10:41 AM
0 Comments, 704 Views
Page Tools
Search this Page

Posting Rules
You may not create new articles
You may not edit articles
You may not protect articles

You may not post comments
You may not post attachments
You may not edit your comments

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 09:14 AM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.

Page generated 2016-10-21 in 0.07 seconds with 19 queries on phoenix via your IP