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Simple English definitions for legal terms

futures-commission merchant

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A quick definition of futures-commission merchant:

A futures-commission merchant is a person or company that helps people buy and sell things called futures or futures options. They take orders from people who want to buy or sell these things and make sure the transactions happen smoothly.

A more thorough explanation:

Definition: A futures-commission merchant is a person or company that carries out orders to purchase or sell futures or futures options.

Example: John wants to buy a futures contract for wheat. He contacts a futures-commission merchant who will execute the order on his behalf. The futures-commission merchant will charge John a commission for their services.

Explanation: A futures-commission merchant acts as a middleman between the buyer and seller of futures contracts. They execute orders on behalf of their clients and charge a commission for their services. In the example, John wants to buy a futures contract for wheat, but he doesn't have direct access to the futures market. The futures-commission merchant acts as an intermediary, executing the order on John's behalf.

futures | futures market

General

General chat about the legal profession.

General >T14 Off Topic

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JapaneseMacaque

20:55

MIAMI A

[] AromaticTroubledDormouse

20:55

How does one know if they are UR1 or UR2?

[] AromaticTroubledDormouse

20:56

CONGRATS MACAQUE!

JapaneseMacaque

20:57

TY

jackfrost11770

20:59

got a random stanford email and almost had a heart attack

jackfrost11770

20:59

ALSO CONGRATS!

texaslawhopefully

21:03

Congrats1!

Ratratta

21:15

Miami A, yall I'm so excited I could cry.

Ratratta

21:15

Feel like I can finally stop holding my breath!! Whew!!!

[] baddestbunny

22:16

every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles

Dkk

22:32

Nice! @Macaque

Dkk

22:32

@Aromatic, Have to guess.

Dkk

22:33

That sucks @Bunny do you have to go to the hospital?

[] baddestbunny

22:40

I said accosted not assaulted

JazzyGazelle

23:35

guys. my notre dame address just went long is this good or bad

1a2b3c4d26z

23:37

Oooooo me too

JazzyGazelle

23:37

omg is this good or bad

Dkk

23:47

Idk if gender roles are gunna fix that then.

JazzyGazelle

23:49

it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??

180SupremeWarrior

23:53

hows ED 2 compared to ED 1?

Dkk

0:10

No idea

windyMagician

0:34

reporting live to say my ndls address also went long

JazzyGazelle

0:59

does it mean anything ^

Dkk

2:21

NDLS and Fordham took a very long time last year. It's good info for people to know.

[] baddestbunny

4:29

let’s get after it boys and girls

Dkk

5:21

I gtg to bed soon.

Dkk

5:22

Big day today. Gunna be a crazy one. I will sleep through the first half.

jackfrost11770

5:37

good morning lsd it is 5 am EST

jackfrost11770

5:37

also jazzy my ndls address went long ages ago i sadly do not think it means anything

jackfrost11770

5:38

my stanford address also went long LOL i think at most it's an indicator it's under review

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