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Futures commission merchant (FCM)

Definition: [crh] 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 Definition: EF="/?rd=money">money or securities to provide margin for any resulting trades or contrDefinition: acts. The FCM must be licensed by the CFTC. Related: Commission house, omnibus account.

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