Futures commission merchant |
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futures commission merchant (FCM) investment & finance definition
A firm that carries out futures transactions for another party.
Futures Commission Merchant (FCM)
Individuals, associations, partnerships, corporations, ...
Futures Commission Merchants
A. Packard Online Trading ABN AMRO Incorporated ABN AMRO Sage Corporation ADM Investor Services Inc. Advanced Futures Advest Inc Aegis Financial LLC A.G. Edwards & Sons, Inc.
Futures Commission Merchant (FCM)[1]: a firm or individual that solicits or accepts orders for commodity contracts traded on an exchange and holds client funds to margin, similar to a securities broker-dealer.
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, ...
Futures Commission Merchant (FCM) - An individual or organization that solicits or accepts orders to buy or sell futures contracts or options on futures and accepts money or other assets from customers to support such orders.
FUTURES COMMISSION MERCHANT (FCM) - An intermediary who stands between the brokers in the pits and the nonmember speculating and hedging public. Every brokerage house must be a futures commission merchant in order to do business with the public.
See Futures Commission Merchant.
Writer
The issuer, grantor, or maker of an option contract.
The Futures Commission Merchant
The Futures Commission Merchant (FCM) is responsible for holding customer funds of the margin account, clearing the futures trade, ...
Wire House: See Futures Commission Merchant (FCM).
Writer: See Option Seller : The person who sells an option in return for a premium and is obligated to perform when the holder exercises his right under the option contract.
An account that a Futures Commission Merchant carries for itself or a closely related person, such as a parent, subsidiary or affiliate company, general partner, director, Associated Person, or an owner of ten percent or more of the capital stock.
Associated person (AP or broker): An individual who solicits orders, customers, or customer funds on behalf of a futures commission merchant, an introducing broker, a commodity trading advisor, ...
omnibus account A type of account that one futures commission merchant carries for another.... OMR The ISO currency code for the Omani Rial. Learn more about Oman and the Omani Rial at GoCurrency.
[NYMEX] associated person A person associated with any futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, or leverage transaction merchant as a partner, officer, employee, consultant, or agent.
Related: Buy in, Evening up, Liquidation Omnibus accountAn account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the ...
Registered representativeA person registered with the CFTC who is employed by, and soliciting business for, a commission house or futures commission merchant.
Similarly, Futures Commission Merchants, Introducing Brokers, and Commodity Pool Operators are required to file specific financial information with the Commodity Futures Trading Commission.
Clearing members, futures commission merchants, and foreign brokers file daily reports with the CFTC. These reports reveal the futures and option positions, long and short, of traders holding positions above reporting levels set by the CFTC.
National Futures Association (NFA) - A self-regulatory organization whose members include futures commission merchants, commodity pool operators, commodity trading advisors, introducing brokers, commodity exchanges, commercial firms, and banks, ...
Primarily there are two types of clearing arrangements for futures brokers, namely Futures Commission Merchants (FCM) and Introducing Brokers (IB).
A self-regulatory organization that consists of futures commission merchants (FCMs), commodity pool operators (CPOs), commodity trading advisers (CTAs), introducing brokers (IBs), leverage transaction merchants (LTMs),commodity exchanges, ...
An account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating broker, rather than designated separately.
FXCM is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
In the US they should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission(CTFC) and a member of the National Futures Association(NFA). You can verify a broker's status with the NFA on the NFA web site.
An individual who solicits orders, customers, or customer funds on behalf of a Futures Commission Merchant, an Introducing Broker, a Commodity Trading Advisor, ...
FCM - abbreviation for Futures Commission Merchant.
FEDAI - abbreviation for Foreign Exchange Dealers Association of India)
Federal Reserve (Fed) - The USA Central Bank.
In the U.S., check out brokers registered as a Futures Commission Merchant (FCM) with the CFTC and a NFA member. Be wary of those brokers that are not regulated by the CFTC and the NFA.
Alpari (US), LLC is registered with the CFTC as a Futures Commission Merchant and is a member of the NFA - Member ID: 0379678.
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Glossary ...
Definition
Carrying broker
A holder of trading privileges at an exchange, usually a Futures Commission Merchant, through whom another broker or customer elects to clear all or part of its trades.
RELATED TERMS ...
The Institution Of Futures Trading: The Futures Exchange, Clearinghouse, And The Futures Commission Merchant (FCM)
Funding A Futures Account
Futures Orders: Buying and Selling Futures Contracts on an Exchange
Financial Futures ...
Associated person (AP) - A person, commonly called a commodity broker, associated with and solici ting customers and orders for a futures commission merchant or introducing broker.
A Firm that buys and sells futures contracts for customer accounts. Related: futures Commission merchant, omnibus account.
Related Links: ...
The enforcement powers of the CFTC are similar to those of other major federal regulatory agencies, including the power to seek criminal prosecution by the Department of Justice where circumstances warrant such action. Futures Commission Merchants ...
- Forex brokers are unlike equity brokers who are normally related to the lending institutions or the banks. The reason is that a large amount of capital is required for operations. They are registered with the Futures Commission Merchant ...
In futures markets this is a person who works with or is associated with a broker, futures commission merchant, or an advisor.
" Koppel has authored "The Intuitive Trader" and is president of Innergame Division, which is a professional and institutional brokerage and trader execution services division of Rand Financial--a Chicago-based futures commission merchant with ...
Confirmation Statement A statement sent by a Futures Commission Merchant to a customer when a futures or options position has been initiated. The statement shows the price and the number of contracts bought or sold.
 See also: Commission, Future, Futures, Trading, Commodity
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