( FCM)
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. The CENTER ONLINE Futures Glossary
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► See FCM.
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futures commission merchant UK US noun [C] FINANCE, STOCK MARKET
► a person or organization that buys and sells futures for investors
Financial and business terms. 2012.