### 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—


(i) that—


(I) is—


(aa) engaged in soliciting or in accepting orders for—


(AA) the purchase or sale of a commodity for future delivery

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

