Futures Commission Merchant

This Issue in United States

Concept of Futures Commission Merchant (FCM) in Futures Trading

In this context of financial law, the following is a definition of Futures Commission Merchant (FCM): Individuals, associations, partnerships, corporations, and trusts that solicit or accept orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any exchange and that accept payment from or extend credit to those whose orders are accepted. See 7 USC 1a(28).