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Futures commission merchant is a firm or individual that solicits or accepts orders to buy or sell futures contracts or commodity options and accepts money or other assets from customers to support such orders.
Futures commission merchants are required to file with the appropriate regulatory authorities, such as the Commodity Futures Trading Commission (CFTC) in the United States.
Futures commission merchant reports must be filled out accurately and submitted electronically through the designated platform provided by the regulatory authorities.
The purpose of futures commission merchant is to ensure transparency, accountability, and compliance in the futures trading industry.
Information such as financial statements, customer account balances, transaction details, and regulatory compliance measures must be reported on futures commission merchant.
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