Futures Commission Merchant (FCM)

Futures Commission Merchant (FCM),

Definition of Futures Commission Merchant (FCM):

  1. An individual or organization that acts as a broker for futures contracts and issues margin loans to secure the transactions. Futures Commission Merchants are required to register with the Commodity Futures Trading Commission (CFTC).

  2. A person who conducts business or trade on behalf of another; an agent, a factor.

Meaning of Futures Commission Merchant (FCM) & Futures Commission Merchant (FCM) Definition