### Question
How is the "futures commission merchant" defined?


### Answer
The term **futures commission merchant** is defined in *7 U.S.C. § 1a* as follows -

> an individual, association, partnership, corporation, or trust that—


(A) is engaged in soliciting or in accepting orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

