Futures Commission Merchant FCM | Definition | What is it?

FCM

FCM Glossary Definition

Futures Commission Merchant. 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 margin any resulting trades or contracts. An FCM must be licensed by the CFTC.

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