futures commission merchant (FCM)

Definition of "futures commission merchant (FCM)"
  1. An entity that takes or solicits orders for buying or selling commodities for future delivery, accepting payment or extending credit to those placing the orders, based on exchange rules
How to use "futures commission merchant (FCM)" in a sentence
  1. After receiving proper trading advice, the investors approached a futures commission merchant (FCM) to execute the transaction.
  2. Before starting the trading process, they signed a contract with a futures commission merchant (FCM).
  3. They reported any suspicion of manipulation to their futures commission merchant (FCM).
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