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The funds in your account with Dorman Trading are held as “Customer Segregated” funds. Our principal bank is Harris, NA, a subsidiary of BMO Financial Group of Toronto Canada. The segregated funds that Dorman holds at Harris, are primarily invested in US Treasury Bills, with the remainder in cash or deposited with the Chicago Mercantile Exchange as margin deposits. The Treasury Bills at Harris are specifically identified to Dorman and on Dorman’s books they are specifically identified to those accounts that have asked us to invest their funds.
The segregated account structure of your futures trading account protects you from suffering a loss, should your broker, your clearing firm, Dorman, or Harris file for bankruptcy. This segregated structure means that your funds on deposit are not subject to any offset, indebtedness, obligation, or the liabilities of any entity besides the customers themselves. These regulations are in place so that neither your clearing firm, Dorman, nor their bank Harris can dip into the customer segregated funds to offset losses elsewhere.
In the interest of transparency, please find links below to Dorman Trading audited financial reports:
CME Group Clearing
The safety and security of the Chicago Mercantile Exchange clearing process is described below:
CME Group’s centralized clearing capability and comprehensive set of risk management services provide the security, transparency and confidence the market participants need to operate, invest and grow.
Additionally, CME Group’s audit department routinely inspects the books and records of clearing members to ensure compliance with these regulations.
For More Information
For questions related to Financial Safeguards, please contact CME Clearing at 312-930-3170.