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


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

> 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 or derivatives transaction execution facility

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

