Trading Principal Law and Legal Definition
According to 17 CFR 4.10 [Title 17 -- Commodity and Securities Exchanges; Chapter I -- Commodity Futures Trading Commission; Part 4 -- Commodity Pool Operators and Commodity Trading Advisors], trading principal means:
(i) With respect to a commodity pool operator, a principal who participates in making trading decisions for a pool, or who supervises, or has authority to allocate pool assets to, persons so engaged; and
(ii) With respect to a commodity trading advisor, a principal who participates in making trading decisions for the account of a client or who supervises or selects persons so engaged.
Legal Definition list
Related Legal Terms
- Accessorium Non Ducit Sed Sequitur Suum Principale
- Accommodation Trading
- Additional Principal Payment
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agent of a Foreign Principal
- Alternative Trading System
- Anonymous Trading
- Casual Trading
- Co-Principal Investigator
- Coastal Trading