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Futures commission merchant: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "An FCM 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-exc...") |
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{{anat|brokerage}}A [[futures commission 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 | ||
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Registration is required unless: | Registration is required unless: | ||
*You handle transactions only for yourself or your firm itself or your | *You handle transactions only for yourself or your firm itself or your firm’s affiliates, top officers, or directors or | ||
*You are a non-U.S. resident or firm with only non-U.S. customers and you or your firm submits all trades for clearing to an {{tag|FCM}}. | *You are a non-U.S. resident or firm with only non-U.S. customers and you or your firm submits all trades for clearing to an {{tag|FCM}}. | ||