Futures commission merchant (FCM) is 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, in connection with such solicitation or acceptance of orders, accepts any money or securities to provide margin for any resulting trades or contracts. The FCM must be licensed by the CFTC. Related: Commission house, omnibus account.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). futures commission merchant (fcm). Retrieved October 1, 2026, from http://smartdefine.org/futures_commission_merchant_(fcm)/definitions/1154746 |
| Chicago | Barry Goldsmith. 2010. "futures commission merchant (fcm)" http://smartdefine.org/futures_commission_merchant_(fcm)/definitions/1154746 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, futures commission merchant (fcm), Smart Define, viewed 1 October, 2026, <http://smartdefine.org/futures_commission_merchant_(fcm)/definitions/1154746>. |
| MLA | Barry Goldsmith. "futures commission merchant (fcm)" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/futures_commission_merchant_(fcm)/definitions/1154746> |