IMPORTANT: Before proceeding please read and agree to our full Trade Room Agreement.
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This Trade Room Member Agreement (the “Agreement”) is entered into .. TODAY’S DATE .. (“Effective Date”) by (YOU) and Core Trading, LLC dba Core Trading Associates and dba CTA Options (collectively referred to as “CTA”) with a place of business at 7207 W 110th St. (the “Trade Room”).
WHEREAS CTA provides shared working space, the Trade Room and/or ZOOM Room, for investors, traders, researchers, teachers and students, and other individuals; WHEREAS Member desires to occupy desk space and/or ZOOM room attendance in the Trade Room operated by CTA for the sole purpose of individual investment, Online trading, and information sharing activities on the terms and conditions set forth below;
NOW, THEREFORE, in consideration of the mutual covenants, promises and conditions contained herein, CTA and Member each hereby agree as follows:
The initial term of this Agreement shall commence upon the Effective Date and shall continue through the selected Cost Schedule term period as described in Paragraph 4. Following the Initial Term, this Agreement shall be automatically renewed on a month-to-month basis until terminated pursuant to Paragraph 11.
Member has read and agreed to the Risk Disclaimer Statement, which is considered an Annex to this Agreement, and Member further attests that Member has competency in one of the following:
a) completed Trading Foundations and either a futures, forex, options or PAI course through CTA Options or another comparable trader education training center; or
b) other requisite trading experience and at least six months experience trading on the Tradestation platform or other comparable platform.
c) On a case by case basis, Member may be admitted to the Trade Room without the requisite experience above, upon discretion and approval of CTA.
Subject to the terms and conditions of this Agreement, Member shall be permitted to occupy desk space, described as follows:
a) Desk space shall include: desk, and chair in an open area. Internet access shall be provided. The provider and details of Internet access shall be at the sole discretion of CTA. Furniture will be at the sole discretion of CTA. Members shall not be permitted to bring individual furniture items, unless permission is granted by CTA.
b) Desk space shall be initially granted on a first come, first serve basis; however CTA reserves the right to reconfigure desk arrangements as it sees appropriate, for purposes of providing certain spots to more active participants, for purposes of changing the dynamic of the room, or for any reason whatsoever, within the sole discretion of CTA. 30 days notice shall be given to Member for any Desk Space rearrangements. Requests for certain Desk Space preferences made by Member to CTA will be considered, but not guaranteed.
c) Regular Trade Room Hours shall be from 7:30am-3pm. Additional access to the Trade Room may be permitted upon request, but is not guaranteed. The Trade Room may be closed on holidays, market holidays or other dates from time to time, upon reasonable notice by CTA.
If a key was provided remember that the key may not be transferred to any other Member, person or entity without the permission of CTA, and keys must be returned at the time of any Termination of this Agreement pursuant to Paragraph 11.
One of the following payment options shall be selected by Member at the signing of this Agreement (the Cost Schedule). The Cost Schedule may be modified by Member at any point in time to a more cost advantage Cost Schedule upon written notice by Member to CTA. Pursuant to Termination in Paragraph 11, should a Member choose to Terminate this Agreement in nonconformance to the selected Cost Schedule, Member shall be subject to the increased amount of the Fees as discussed in Paragraph 11. **$750 NON REFUNDABLE upfront payment ****There is no partial month .... If you join at any time during the month or leave at any time of month ....
CTA on location Trade Room **12 month commitment at $3180 basis( $265.00 Fee per month basis), paid quarterly at $795 before the quarter starts ... all members will have key for access to room
_________**** Monthly, at $290 Fee per month; paid on or before the 1st day of each month.
CTA ZOOM Trade Room on-line .. 12 month commitment at $1188 basis ($99.00 fee per month basis), paid quarterly at $297 before the quarter starts ... room will be open daily from 8 am till 3pm Central when the CME is open.
The Fee shall be subject to future increases, at the sole discretion of CTA, upon 30 days notice to Member. Any increases shall not impact the duration of the current Cost Schedule term as selected above, but may impact future Fees at the renewal of each term. For example, upon signing this Agreement for the 12 month commitment, the current Fee schedule shall remain in effect for the duration of the 12 months, but may change for a subsequent 12 month term; and for a Monthly cost schedule, the Fee may increase in each subsequent month thereafter. The Fee is due on the 1st of each month. Payments that are in excess of 5 days late are subject to a late fee of ten percent (10%) of the payment due, and an additional 10% of all balances outstanding more than 30 days. Payment shall be in the form of cash or check made out to Core Trading, LLC and delivered to the address of the Trade Room.
Member agrees to abide by the Trade Room Rules set forth below: The following Trade Room Rules are a guide for Members. Notwithstanding the Rules, any Member can be asked to leave the group temporarily or permanently for any reason by CTA with no reason and without any retaliation by said Member
Member shall comply with all applicable laws, statutes, ordinances, regulations and rules with respect to Member’s use of the premises. Member shall not use the premises for any unlawful purposes or conduct any unlawful business venture on the premises.
Member shall treat other members with respect and shall not engage in any harassing, defamatory, obscene, indecent or threatening conduct
No animals of any kind shall be allowed on the premises.
Member will be responsible for cleanliness of their area before leaving each day.
Member shall not engage in continuous or disruptive profanity, cussing, yelling or above average volume of talking.
No smoking or chewing tobacco. No consumption of alcohol.
No throwing objects, or other physically disruptive behavior.
Precaution shall be taken for liquids that may spill, and no excessive consumption of food at desks. CTA recommends taking meals outside the Trade Room.
No strong odors of any kind, whether caused by food or by any other reason.
No excessive or offensive political propaganda or conversation.
With respect to Internet access, Member agrees that Member will use the Internet access only for lawful purposes. Member will not use the Internet to: (a) send unsolicited commercial messages; (b) transmit any false, inaccurate or misleading information; (c) be defamatory, obscene, indecent, threatening or harassing; (d) infringe upon any third party’s intellectual property rights; (e) access protected data or intercept personal information without authorization; (f) engage in any illegal conduct.
CTA is not responsible for Member’s personal property. Member shall remove any personal property upon Termination of this Agreement. Any personal property remaining on the premises after Termination of this Agreement will be disposed of by CTA. Member waives all claims regarding Member’s personal property.
Member is liable for any damage to the premises caused by Member, and authorizes CTA to charge Member for repair of any such damage.
Member shall not sublicense, sublease, transfer, assign or give any other rights to the Desk Space or access to the Trade Room without CTA’s authorization. In order to respect the purpose of the Trade Room, guests are strictly prohibited. Guests may be permitted at CTA’s sole discretion
Member attests that all Members in the Trade Room will be trading their own account on their own computer and will not hold anyone in the group or running the group liable for loss of money or physical or mental conditions arising from participation in the group or observing any presentations, trades, or information given. Damage to or theft of equipment is not the responsibility of the Trade Room or CTA. There will be trading screens projected and white board information written from time to time furnished by participants in group but no information will be guaranteed to perform in the positive by members participating in the trade. Any and all trades by anyone that is in the room takes those trades solely on their own volition. Members will be asked to follow certain trading asset classes and to inform members if zones are near for possible trading opportunity that other members may want to participate in trading.
This Agreement may be terminated as follows:
(a) Member may terminate this Agreement, upon 60 days written notice; or, in the case of 12 Month Cost Schedules, upon 60 days written notice before the expiration of the agreed Cost Schedule term. If 60 days notice of Termination is not provided, this Agreement shall continue either (i) on a month-to-month basis, at the Monthly rate under the then applicable Fee as described in Paragraph 5; or (ii) at a newly selected year Cost Schedule as agreed between CTA and Member anytime before the expiry of the then current Cost Schedule term.
(b) Regardless of the Cost Schedule term, CTA may terminate this Agreement without cause or reason upon 30 days written notice to Member. Upon termination by CTA, fees may be prorated on a per diem basis by dividing the applicable monthly rate by the number of days in the final month of the Agreement. In the event that CTA terminates this Agreement prior to the end of the agreed Cost Schedule term, CTA shall return the last months payment, less any amounts due for current or past Fees.
(c) CTA may terminate this Agreement immediately upon a breach of this Agreement by Member. In the case that CTA determines that there was a breach of this Agreement, including the Trade Room Rules stated herein, Member’s desk space in the room shall be immediately revoked, member shall have 48 hours to clear personal belongings from the space, and any Fee amounts paid shall be retained by CTA.
Member agrees to indemnify and hold harmless CTA, its agents and employees, and other Trade Room Members against all losses, damages, liabilities, costs or expenses, including reasonable attorneys’ fees, resulting from all claims, proceedings, investigations or actions arising out of or in connection with Member’s breach of this Agreement or Member’s negligent or willful acts or omissions. This indemnification obligation shall survive the expiration or Termination of this Agreement.
To the extent permitted by law, CTA disclaims all warranties, express or implied, with respect to the premises and the services. CTA shall not be liable under any legal or equitable theory for (i) any special, indirect, incidental, punitive, compensatory or consequential damages of any kind whatsoever. Without limitation to the foregoing, Member, on behalf of Member, and Member’s personal representatives, successors, heirs, and assigns, hereby voluntarily agree to release, waive, forever discharge and hold harmless CTA, its agents, employees and other Trade Room Members from any and all liability and all claims, actions, or losses which may arise from the actions of CTA, other Members or third parties on the premises. It is acknowledged by Member that due to the sensitive nature of Online trading, timing of trades can be affected by Internet issues. CTA shall not be held responsible for any losses due to Internet shortages, outages, or connection issues.
Performance of any obligation of CTA hereunder will be excused so long as prevented by act of God, weather, act of a public enemy, fire, or other casualty, electrical shortage, failure of communications or common carrier or other circumstances reasonably beyond CTA’s control and that it cannot circumvent using its best efforts (“Force Majeure”). Without limiting the foregoing, in the event that the Force Majeure continues for more than ninety (60) days, then Member may terminate the Agreement upon thirty (30) days’ written notice to CTA.
The Agreement shall not create or be deemed to create any agency, partnership or joint venture between CTA and Member.
This Agreement is not assignable by Member, either in whole or in party, without the written prior approval of CTA.
If a court of competent jurisdiction shall declare any part of the Agreement invalid or unenforceable, it shall not affect the validity of the balance of the Agreement.
The failure by CTA to exercise rights granted to CTA herein upon the occurrence of any of the contingencies set forth in this Agreement shall not constitute a waiver of such rights upon the recurrence of such contingency.
The Agreement shall be fairly interpreted in accordance with its terms and without strict construction in favor of or against a party based on the identity of the drafter of the Agreement or any term or provision of it.
This Agreement shall be construed in accordance with the laws of the State of Kansas, without regard to its conflict of law rules. Any dispute related to this Agreement shall be resolved in the state or federal courts of Kansas, and the parties consent to the jurisdiction thereof.
I Have Read and Agree to these Terms and Conditions