Options and FuturesClosing Range National Futures Association (NFA) Vertical Spread Clearing Member Option Spread Butterfly Spread
Futures Commission Merchant (FCM)
In the world of finance, there exists a key entity known as a futures commission merchant. This is an individual or organization that plays a crucial role in facilitating the buying and selling of futures contracts, as well as options on futures. As part of their duties, they also handle the acceptance of funds from customers to support these orders. You may hear them referred to as a "commission house" or "wire house."
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