Designated Contract Market (DCM) | Practical Law

Designated Contract Market (DCM) | Practical Law

Designated Contract Market (DCM)

Designated Contract Market (DCM)

Practical Law Glossary Item 0-555-5400 (Approx. 3 pages)

Glossary

Designated Contract Market (DCM)

Traditional derivatives exchanges registered with and regulated by the Commodity Futures Trading Commission (CFTC) on which standardized derivatives contracts are executed. DCMs offer CFTC-regulated exchange-traded derivatives products, such as futures and options.
Unlike swap execution facilities (SEFs), which permit open access to market participants, DCMs can only be accessed by entering into an agreement with a futures commission merchant (FCM) that is a member of that DCM.