An FCM is Futures Commission Merchant. Imwe FCM inomunhu kana sangano rinokumbira uye / kana kugamuchira mirairo yekutenga kana kutengesa mikana yeramangwana, zvisarudzo pane ramangwana zvibvumirano, kutengesa mabhizimusi emari kushandiswa kune dzimwe nyika kana kushandura uye kugamuchira mari kana zvimwe zvinhu kubva kumakambani kuti vatsigire mirairo yakadaro.
I FCM inewo mutoro wekuunganidza margin kubva kumakambani.
Commodity Futures Trading Commission
IQood Futures Trading Commission (CFTC) inotungamirira FCM's. Chero munhu chero upi zvake kana kambani inoparadza nguva yemberi mikonti panzvimbo yemumwe munhu inyoresa ne National Futures Association. Iko kune zvimwe zvingabhadharwa kubhadhara. Semuenzaniso, kana sangano kana munhu ari kutarisira kutengeserana ivo pachavo kana pamba yavo pachavo kana makambani avo vanobatana, vakuru vakuru, vatungamiri kana kuti ivo vasiri vemuAmerica vagari venyika kana kuti vakasimba nevatengi vasiri US uye munhu mumwechete kana kuti akasimba anotumira zvose mhizha yekutsvaira kune FCM yakarongeka iyo yakasimba kana munhu haazofanira kunyora.
Mitemo
Kune mitemo nemitemo yakawanda inoshanda kune FCM, mitemo iyi yakava yakanyanyisa shure kwekugamuchirwa kweDodd-Frank Wall Street Reform uye Consumer Protection Act wegore ra2012. Vatengi vanotengeserana munguva yemberi kuburikidza neChirangaridzo Broker ( IB ) vane mabasa avo akaitwa uye yakabviswa ne FCM.
I FCM huru pane dzose mabhanki uye masangano emari ane mabhizinesi akawanda akasiyana-siyana. Zvisinei, mamwe FCM chete anoshanda mukati mechirangaridzo chemangwana mune ramangwana. Rimwe remitemo inonyanya kukosha inodzora FCM ndeyokuti CFTC inodzivadza kuti vasanganisa mari yavo pachavo nemari yevatengi vavo.
FCMs inofanira kuparadzanisa mari yose yevatengi. Mutemo uyu unodzivirira vatengi vekasimba kubva pakurasika. Nyaya yekambani, MF Global inoratidza kuti nei mutemo uyu wakakosha zvikuru.
MF Global
MF Global yaiva FCM yakatengeserana neyoyo account. Apo mishonga yakasangana nekambani, yakarasikirwa nemari yakawanda. Mushure mekutsvakurudza, CFTC yakawana kuti MF Global yakavhenganisa mari yacho pachake nemari yakabatanidzwa kubva kune vatengi. Muna Gumiguru 2011, iyo yakasimudza mari inosvika madhora mazana emadhora mazana matanhatu kubva kumakambani ekutengeserana kune avo vaitengesa-mutengesi kuti vaone kurasikirwa pamabasa ekuchengetedza. Saka, apo MF Global yakashata muna 2011 vatengi vekambani vakarasikirwa nemari yavo. Dai MF Global yakatevera mitemo uye yakatsaura mari yevatengi vavo iyo inogona kunge ichiri kuparara nekuda kwemabasa akaipa asi vatengi vavo vangadai vasina kurasikirwa, mitemo ingadai yakavadzivirira. Kunyange zvazvo vazhinji vevatengi veMF Global vakawana mari yavo zvakare, zvakatora makore anenge maviri kutarisana nemhepo. Sezvaunogona kuona, kune zvikonzero zvinokosha zvemitemo nemitemo mune ramangwana rekushambadzira mishonga. Vatongi vanogadzira mitemo iyi kunyanya kuchengetedza vatengi.
FCMs inofanira kuzviisa kune kuongororwa uye kuratidza huwandu hwakakwana hwemari yekushanda mabhizinesi avo.
Uyezve, vashandi veC FCM vanofanira kuratidza unyanzvi mune bhizimisi remangwana rekutengesa uye vanozviisa kune chekuongorora chekuita. Kutengesa nekutsvaga mari mumakambani emangwana kwakakonzera kuwanda kwevatori vechikamu mumakore apfuura. Masoko emakambani anowanzove ari nyore kupfuura mamwe maronda emari uye anoshanda nehupamhi hwehuwandu. Chengetani chikamu chemazana (chibvumirano chekushanda) chinodiwa kuti utange nguva yemberi. Pasina kutongerwa Futures Commissions Vatengesi vanodzora kukwira kwebhizimisi kugoverana, mukana wekushungurudzwa ungave wakakura. Mazuva ano vatengesi vanowanzoshanda kana kuti vanobatana ne FCM. Izvi zvinoparadzanisa kushanda kwebasa rinopera pakugoverana. Izvo zvinoumba mamiriro ekugadziriswa kwepamutemo uye kutarisa zvinobvira.
Futures Commission Vatengesi vanoita basa rinokosha munyika isinganzwisisiki yekusangana mune ramangwana.