Futures commission merchant: Difference between revisions

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An FCM is an individual or organization which does both of the following:
{{anat|brokerage}}A [[futures clearing merchant]] is an individual or organization which does both of the following:


*Solicits or accepts orders to buy or sell [[futures]] contracts, options on futures, retail off-exchange forex contracts* or swaps and
*Solicits or accepts orders to buy or sell [[futures]] contracts, options on futures, retail off-exchange forex contracts* or swaps and