Futures Commission Merchant (FCM)

Business / Finance / Futures Commission Merchant (FCM): A term used to designate all contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.

Other Words for Merchant

Merchant Verb Synonyms: pedlar, hawker, (travelling) salesman, (sales) representative, commercial traveler, huckster, door-to-door salesman, drummer, (sales) rep
Merchant Noun Synonyms: dealer, retailer, seller, shopkeeper, store owner, trader, tradesman or tradeswoman, vendor
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National Futures Association (NFA)

Business / Finance / National Futures Association (NFA): The futures industry self-regulatory organization established in 1982. MORE

National Drought Policy Commission

Business / Agriculture / National Drought Policy Commission: P.L. 105-199 (July 16, 1998), the National Drought Policy Act, authorized creation of the Commission to conduct a study of current federal, state, local and tribal drought preparedness, and review law MORE

Nearby Futures Contract

Business / Finance / Nearby Futures Contract: When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the 'next out') futures contract is the one that settle MORE

Negotiated Commission

Business / Finance / Negotiated Commission: An unfixed broker's commission that is determined through negotiation, depending on the specifics of the trades performed. MORE

Next Futures Contract

Business / Finance / Next Futures Contract: The contract settling immediately after the nearby futures contract. MORE

New York Futures Exchange (NYFE)

Business / Finance / New York Futures Exchange (NYFE): A wholly owned subsidiary of the NYSE that trades futures and futures options on the NYSE composite index. MORE

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