Letter of Direction - Trading System Authorization - Terms and Conditions

Sep 15, 2026

Letter of Direction for a customer to authorize Dorman Trading, LLC to execute trades using a specified trading system. The letter confirms the customer understands signals come from the system, not Dorman, and acknowledges limitations of responsibility and no profit guarantee. It sets terms for payment verification, risk allocation, limited power of attorney to enter orders, block order allocation, operational limits, market/contract authorization details, and revocation procedures, including indemnification.

LanguageEnglish

CategoryLetters

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Letter of Direction

Parties and System Authorization

Terms and Conditions (1-4)

Markets and Contract Instructions

Revocation and Indemnification

Signatures and Completion Fields

Letter of Direction Dorman Trading, LLC: The undersigned hereby confirms that I have provided Dorman Trading LLC ("Dorman") with the trading system set forth below, or other system provided by subsequent notice to you,(the "System") that I either developed myself, purchased from a third party, or receive by subscription. Accordingly, I hereby direct and grant discretion to Dorman to enter trades for my account in accordance with the trading signals and recommendations generated by the System. In consideration of your acceptance of my account to be traded pursuant to this Letter of Direction, I acknowledge, represent and agree to the following terms and conditions: 1. I fully understand that the trading signals and recommendations are produced by the System and not by Dorman, and that Dorman's responsibility is limited to using commercially reasonable efforts to enter orders pursuant to the signals and recommendations generated by the System and received by you. I warrant that I have fully paid for use of the System and understand that this may be subject to verification by Dorman. In the event that I have not paid for the use of the System, I hereby authorize Dorman to debit my account in the amount of the applicable fees, if any, and to pay such fees to the provider/developer of the System, and to respond to any inquiries from the System provider regarding my trading of the System. I further warrant that Dorman has not solicited, or in any other way recommended, my participation in the System. I have made inquiries and conducted research in the System sufficient to make an informed investment decision. Dorman cannot and does not imply or guarantee that I will make a profit from trading the System and I agree that Dorman will not be held responsible for the System's performance or trading losses incurred in my account as a result of my trading pursuant to the System. I understand that using the System to generate trading signals exposes me to the risks associated with the use of computers and data feeds systems relied upon by Dorman. I agree to accept such risks, which may include, but are not limited to, failure of hardware, software or associated communication systems and/or inaccurate external data feeds provided by third party vendors, and I further agree to hold Dorman harmless from any losses in my account associated with these risks. 2. By signing below, I grant a limited power of attorney to Dorman, its employees and agents for the sole purpose of entering orders in accordance with the signals generated by the System, as the System may be modified from time to time. If the System is a trade recommendation service or hotline, I have arranged for the originator of the service or hotline to transmit by facsimile, tape recorded telephone message, or otherwise the trading signals and recommendations to be executed for my account. If more than one Dorman client is using the same system or service as the System, I acknowledge and agree that Dorman may enter block orders to enhance order execution, in which case fills will be allocated in accordance with the systematic fill allocation method employed by Dorman. I understand and acknowledge that Dorman will be responsible only for using commercially reasonable efforts to execute, in a timely fashion, signals generated by the System. Dorman shall not be responsible for mechanical or communication line failure, or system errors, or any other cause beyond its control. I acknowledge that Dorman can accept and transmit orders only if actually received or generated and then only on a "not held" basis (i.e., Dorman shall not be held responsible for the execution of the orders through the process indicated or otherwise) . 3. Specifically with regard to the markets and the number of contracts in each market to be traded pursuant to the trading signals and recommendations generated by the System, Dormanis hereby authorized to place orders in accordance with instruction received

FAQs

What does the customer grant Dorman Trading through the Letter of Direction?

The customer grants limited authority for Dorman to enter trades for the customer’s account based on the trading signals and recommendations generated by the System.

Does Dorman guarantee trading profits from using the System?

No. The letter states Dorman does not imply or guarantee profits and is not responsible for trading losses incurred due to trading pursuant to the System.

How can the customer revoke the authorization to trade automatically?

The customer must revoke by written notice addressed to and actually delivered to Dorman’s New Accounts Department, and the customer remains responsible for open positions at the time of revocation.

Sep 15, 2026

Uploaded by Emma Mercer