FCM Member definition

FCM Member means any Member that is registered with the Commission as a Futures Commission Merchant and as a swap firm and is authorized by Nadex to intermediate orders of Commodity Customers or Cleared Swap Customers on the Market.
Sample 1Sample 2Sample 3
FCM Member means any Member that is registered with the Commission as a Futures Commission Merchant and is authorized by Nadex to intermediate customer orders on the Market.
Sample 1Sample 2Sample 3

Examples of FCM Member in a sentence

  • No FCM Member that receives an order to buy or sell a Contract for execution on Nadex shall directly or indirectly guarantee the execution of the order or any of its terms, including quantity or price.

  • A FCM Member may only report to a FCM Customer a trade that has been executed or reported on the Nadex Market.

  • No FCM Member shall enter any bids, offers or transactions on the Market if it knows or should know that it is subject to early warning reporting requirements under Commission Regulation 1.12, is subject to a proceeding in bankruptcy or is otherwise unable to pay its obligations as they become due, without the prior written approval of Nadex.

  • Finally, each FCM Member agrees to submit to any compliance review by Nadex of its systems in this regard.

  • The FCM Member will be responsible for any and all order entries confirmed for its FCM Customer Position Accounts and its settlement accounts and accepted by Nadex.

  • Notwithstanding the foregoing, a FCM Member may maintain error accounts and/or test accounts.

  • Any violation of an Exchange rule by any such AP/employee may be considered a violation by the FCM Member.

  • All such trading of Nadex contracts by an AP/employee shall occur in a trading account held by the FCM Member with which he or she is registered or employed (or, in the case of an AP or an employee of a GIB, the FCM Member who guarantees that IB).

  • No FCM Member shall knowingly carry an account, enter an order or effect any transactions for any employee of Nadex without the prior written consent of the employer.

  • Each FCM Member, upon a request of Nadex or any Regulatory Agency, must promptly respond to any requests for information.

Related to FCM Member

  • Founding Member means any individual who is either:

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.