Welcome to the RJO Futures trading terms glossary. Within this glossary, you will find an expansive list of trading terms covering commodity, option, and futures trading terminology. Bookmark this section as a quick reference for definitions of trading terms as you browse the Internet and our site for more information on futures and options trading within the financial and commodities markets.
- Futures Commission Merchant
AKA: FCM An individual or organization that solicits or accepts orders to buy or sell futures contracts or commodity options, and accepts money or other assets from customers in connection with such orders. An FCM must be registered with the CFTC.