Futures Commission Merchant (FCM)

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Futures Commission Merchant (FCM),

Definition of Futures Commission Merchant (FCM):

  1. A person or organization that acts as a broker in futures contracts and issues margin credit to guarantee the transaction. Futures Commission traders must register with the Commodity Futures Trading Commission (CFTC).

  2. Another agent or postman doing business or doing business.

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