futures commission merchant (FCM)
An individual or organization that acts as a broker for futures contracts and issues margin loans to secure the transactions. Futures Commission Merchants are required to register with the Commodity Futures Trading Commission (CFTC).
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introducing broker (IB)
National Introducing Brokers Association (NIBA)
wire house
futures commission merchant (FCM)
point balance
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liabilities
gross earnings
credit reference
head office
clearance sale