registered commodity representative

registered commodity representative
( RCR)
A person who is registered with the exchanges and the CFTC and is responsible for soliciting business, "knowing" his/her customers, collecting margin, submitting orders, and recommending and/or executing trades for customers. A registered commodity representative is sometimes called a " broker" or "account executive." The CENTER ONLINE Futures Glossary
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An individual who is engaged by a member and approved by the exchange to act as a sales representative for contracts, and who is subject to all exchange rules unless the context would preclude such interpretation. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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