Disclaimer
Transactions in futures carry a high degree of risk. The amount of initial margin
is small relative to the value of the futures contract so that transactions are
“leveraged” or “geared”. A relatively small market movement will have a proportionately
larger impact on the funds you have deposited or will have to deposit: this may
work against you as well as for you. You may sustain a total loss of initial margin
funds and any additional funds deposited with the firm to maintain your position.
This brief statement does not disclose all of the risks and other significant aspects
of trading in futures and options. In light of the risks, you should undertake such
transactions only if you understand the nature of the contracts (and contractual
relationships) into which you are entering and the extent of your exposure to risk.
Trading in futures and options is not suitable for many members of the public. You
should carefully consider whether trading is appropriate for you in light of your
experience, objectives, financial resources and other relevant circumstances.