Futures Commission Merchant (FCM)

What is Futures Commission Merchant (FCM)?

Futures Commission Merchant (FCM) meaning Individuals, associations, partnerships, corporations, and trusts that solicit or accept orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any exchange and that accept payment from or extend credit to those whose orders are accepted. See 7 USC 1a(28).

 

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