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The
Introducing Broker (IB)
An introducing
broker is a commodity broker who introduces the client to the Futures
Commodity Merchant. The IB is an intermediary between the client and
the FCM, and the
IB passes futures contract orders on to the FCM for which they receive
a commission. The FCM executes the order and also holds the client
money while the IB is unable to accept money, securities or property
from the client.
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