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The Trust's exposure to credit risk is also noted, as it is exposed to the credit risk of a default by the CME’s (CME) clearing house and its futures commission merchant.—Quartz Bot, Quartz, 7 Nov. 2024 With Cboe, users cannot buy futures contracts directly from the platform, but must instead go through futures commission merchants, or FCMs—intermediaries who buy or sell contracts on behalf of clients.—Byleo Schwartz, Fortune Crypto, 6 June 2023 Few other purposes explain why sugar refiner Nathan Goodale would purchase a lot of ten boys and men, or why Christopher Colomb, an Ascension Parish plantation owner, enlisted his New Orleans commission merchant, Noel Auguste Baron, to buy six male teenagers on his behalf.—Joshua D. Rothman, Smithsonian Magazine, 19 Apr. 2021 The roughly 6,000-square-foot house was built for the family of Anton Wulff, a commission merchant and freighter who came from Germany to New Braunfels in 1848 and later relocated to San Antonio.—Madison Iszler, San Antonio Express-News, 16 Nov. 2021 Neither the scores of commission merchant firms that serviced southern planter clients, nor the more than a dozen banks that would soon hold more collective capital than the banks of New York City, might have been noticeable at a glance.—Joshua D. Rothman, Smithsonian Magazine, 19 Apr. 2021 With 19 of the top 20 futures commission merchants as distribution partners, TT users are some of the largest futures and commodity traders in the world.—Jeff John Roberts, Fortune, 25 Jan. 2018
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