FUTURES COMMISSION MERCHANT (FCM)


Meaning of FUTURES COMMISSION MERCHANT (FCM) in English

An individual or organization accepting orders to buy or sell futures contracts or futures options, and accepting payment for his services. FCMs must be registered with the CFTC and the NFA, and maintain a minimum capitalization of $300,000.

A guide to futures and options market technology English dictionary.      Английский словарь-руководство по фьючерсам и опционам рыночных технологий .