Dealer/Merchant (AD)

What is Dealer/Merchant (AD)?

Dealer/Merchant (AD) meaning A large trader that declares itself a “Dealer/Merchant” on CFTC Form 40,which provides as examples “wholesaler, exporter/importer, shipper, grain elevator operator, crude oil marketer.”

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary