TRADING OFFICE AGREEMENT
Terms and Conditions
Last update: October, 3rd 2023
Welcome to Real Trading!
Once you sign back this letter agreement, you will be given access to our trading system PPro8™ and related online support on the following terms:
- Our Trading Floor Development (TFD) team will assist you in setting up your own trader location, as well as coaching you on best practices to achieve trading floor success.
- All of your location’s trading will be done in our simulated trading environment Training Mode Superb (TMS). Your location’s trading gains and losses in TMS are entirely simulated, giving you a risk-free period for your traders to learn to trade through PPro8™
- The only upfront cost to you is a non-refundable US$500.00 set-up fee for registration and receipt of our proprietary CubeX device, which connects your location to our trading network.
- Upon TMS set-up, you will receive access to an uninterrupted stream of day trading news, information and media (available only to Real Trading offices). The flat fee of US$150 per month is waived for the first nine months, and if you “go live” before the end of the 9th calendar month, the nine-month fee waiver still applies.
- All information that we provide you and your traders is proprietary and confidential to us. You and your traders shall not: (a) disclose any such information to any third party (except as required by law); or (b) use such information for any purpose other than trading with us. For example, you and your traders must not trade on any market using any other trading system while accessing our TMS environment. All logos used by us, including Real Trading and PPro8, are proprietary and may not be used by you or your traders without our written permission.
- Please note that all of your traders must be physically present at your trader location when accessing our trading platform (unless specifically exempted by us). Remote access of any kind is not permitted.
- You may not use our corporate names or logos (such as Real Trading), without our consent. Please contact one of our representatives if you wish to use our logo or refer to our brand in any way on your website or in any advertising materials.
- Once you “go live” with Real Trading, the monthly fee you will earn from us is described in Schedule A to this letter. These terms will expire if you have not paid us your US$500.00 fee within fifteen (15) days of receipt of this letter.
SCHEDULE A – Monthly Fee
(Effective January 1, 2024)
Your monthly fee for Your services provided under the Agreement will be determined and paid as follows:
(a) Definitions:
“Cut per Contract” – The amount determined in the Trading System, as may be amended from
time to time.¹
“Trader Location’s Monthly Gross Revenues” means the gross revenue earned (or loss incurred)
in a particular calendar month from trading securities by the Vantage Group from out of Your
Trader Location, less:
- gateway charges (i.e., fees charged in respect of the applicable executing broker and/or marketplace and/or routing gateway), which may be negative (i.e., credits earned)
- regulatory fees charged per security or value of security traded
In addition, all profits resulting from closing-out an overnight position on account of Your Trader Location will be excluded from the foregoing calculation, and all resulting losses will be included in the foregoing calculation.
(b) Monthly Fee Determination for the Month – You will be paid the following monthly fee (when positive):
(i) the Trader Location’s Monthly Gross Revenues,
less
(ii)
for the corresponding calendar month: (A) the Cut per Contract; (B) clearing and transaction fees attributable to Your Trader Location; and (C) all other trading expenses incurred by the Vantage Group that are directly attributable to Your
Trader Location’s trading activity.².
(c) Payment in Arrears; Netting – Payment of the monthly fee for any particular month will be made one month in arrears. If, and only if, the monthly fee for that particular month (the “Earned Month”) is positive, and the monthly fee projected for the current month (the “Current Month”) is positive, then the monthly fee for the Earned Month will be paid out in full at the end of the Current Month. However, if the Trader Location’s Monthly Gross Revenues for the Earned Month is negative, or the Trader Location’s Monthly Gross Revenues for the Current Month are projected to be negative, or both, then such losses will be deducted against the current or subsequent Earned Month fees otherwise payable.
Notes:
¹ As of this time, the Cut per Contract is 12% for all U.S., Canadian, Mexican and Brazilian equities, 10% for forex
and CME-listed futures trading, and 15% for all other trading.
² All Trader Locations (also known as “offices”) are subject to the Office Ne
