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investment in futures contracts is speculative, involves a
high degree of risk and is suitable only for persons who can
assume the risk of loss in excess of their margin deposits.
The high degree of leverage that is often obtainable in futures
trading can work against you as well as for you and, as a
result, can lead to large losses as well as gains. If you
purchase or sell a futures contract, you may sustain a total
loss of your initial margin funds and any additional funds
that you may deposit to establish or maintain your position.
If the market moves against your position, you may be called
upon to deposit a substantial amount of additional margin
funds, on short notice, in order to maintain your position.
If you do not provide the requested funds within the prescribed
time, your position may be liquidated at a loss, and you will
be liable for any resulting deficit in your account. Under
certain market conditions, you may find it difficult or impossible
to liquidate a position. You should carefully consider whether
futures trading is appropriate for you in light of your investment
experience and objectives, financial resources and other relevant
circumstances.
For further information
about the risks of futures trading, please read:
Futures
Risk Disclosure Statement Electronic
Trading and Order Routing Systems Disclosure Statement
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