DISCLAIMER: Continuity Plan



Business Continuity and Disaster Recovery Plan Disclosure Statement

Please read this disclosure statement carefully for it provides important information regarding the Business Continuity and Disaster Recovery Plan ("Continuity Plan") MB Trading and MB Trading Futures, Inc., (collectively referred to as "we," "us," and "our" throughout this policy), which are affiliates under common control.

Securities, futures, and off-exchange foreign currency industry regulations require brokerage firms to create and maintain a Continuity Plan to address the possibility of a significant business disruption ("SBD") that could potentially result from power outage, natural disaster, or other emergency. To address this possibility, we have developed a comprehensive Continuity Plan that outlines steps to be taken in the event of an SBD of critical business operations.

As our valued customers, we are providing you with this disclosure statement that briefly describes our efforts to offer continued uninterrupted customer service.

Our Continuity Plan

We maintain backup facilities for our exclusive use in other cities and states to support our planned efforts. The facilities are equipped and designed to sustain critical business operations until our primary facilities are available for use or new facilities are acquired.

It is our intention to respond and recover promptly after an SBD by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing our customers to transact business. Our Continuity Plan is designed to permit us to resume operations as quickly as possible, given the scope and severity of the SBD. In most cases, customer service functions will be back in operation within a few hours or less. In the event of a major business emergency, our Continuity Plan is designed to enable us to have critical business operations up and running within 24 hours of a disaster or disruption. However, please bear in mind that during an industry-wide disaster or disruption, customers may experience additional delayed recovery time.

The Continuity Plan addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with clients, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and account positions if we are unable to continue business operations.

In the event of an SBD, it is our intention to remain in operation or temporarily transfer operations to our clearing firms if necessary, and notify you via telephone, email, through our web site or at our customer emergency number, (866) 558-3342 for contact instructions.

Because the timing and impact of a disaster and disruption is unpredictable, the business continuity plan is reviewed, updated and tested on a regular basis for effectiveness. We will make every effort to notify you of a switchover to business continuity operations as soon as possible in the event of an interruption.

We have employed significant steps to develop, implement and maintain a reasonable Continuity Plan; however, we cannot guarantee that systems will absolutely recover after an SBD. At the same time, we trust our development, implementation and maintenance in preparation for significant events is vigorous and representative of current industry standards.

We will continue to post general and updated information about our business continuity plan on our web site. You may also request a written copy of our Continuity Plan summary by writing to MB Trading, Attn: Business Continuity Operations, 1926 E. Maple Avenue, El Segundo, CA 90245.

This disclosure statement is subject to change at any time.

Effective date: 08/27/04

 
 

 

MB Trading, IB member FINRA, SIPC; MB Trading Futures, Inc. RFED/IB and member NFA. Trading in futures, options and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and Forex because there is always the risk of substantial loss. MBTFS and MBTFX are sometimes referred to collectively herein as "MB Trading."

1MB Trading FX offers two Forex pricing models. Both models employ our RFED to client facing execution system with slightly different pricing and markup models.  For purpose of clarity the two pricing models (Plan 1 and Plan 2) both operate on the same technology.  The underlying technology is named The MB Trading Electronic Xrossing Network, abbreviated as EXN for the remainder of this disclaimer.  The main differentiator between the models is twofold.

A.    Difference in amount of markup or markdown of liquidity partner (banks) quotes when displayed to clients.
B.    Commission Structure charged to client

Plan 1 or “Pay for Limit” plan employs the EXN technology in a commission model. This model charges a client 2.50 in their base currency per 100k of executed currency for market orders and pays a client .50 of base currency for posted, executed limit orders. In the Pay for Limits model, the term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order.

Free Commission Plan employs the EXN technology in a markup only plan, which means that MB Trading receives a markup embedded in the spread as compensation. This plan does not add an additional commission, does not pay the client a rebate for posted liquidity as Plan 1 does yet does still offer the benefit of allowing the client to post quotes which is displayed to all other clients on Plan 2.

Additional information to note is that “Actual Total Paid to Clients” counter is kept on the company website which displays The Actual Total Paid to Clients currency number which is updated every five minutes and stops counting during the weekend when the market is closed. The number calculates from the launch of Pay for Limits, which was January 31, 2011.

Due to higher cost of business in China, “Get paid for limit orders” is not available for Chinese residents. All Chinese residents have a fee of 2.50 for all order types. Accounts with special commission rates are excluded from Payment for Limit Orders. There is a minimum fee of $0.01 for all Forex and spot trading orders that take liquidity.

MB Trading earned a 4.5 out of 5 star rating in Barron’s 2011 Review of Online Brokers, tying for the top spot overall. The company earned a total of 33.8 points, one tenth of a point under the top score. MB Trading also scored in the top three for separate categories of Range of Offerings, Trade Experience, Trading Technology, Usability, and Customer Service and Education. MB Trading earned a 4.5 out of 5 star rating in Barron's 2010 Review of Online Brokers. The company ranked second overall and tied for first place in the categories of Trade Experience and Portfolio Analysis & Reporting. The company also won the category of Usability. The company also tied for first place in the separate categories of "Best for Frequent Traders" and "Best for Options Traders." This survey evaluated 27 Online Firms and does not include all Online Brokers.

*Real-time Forex Quotes are provided via the MBT Quote API. Quotes are available during platform hours from Sunday at 5 pm EST to Friday at 5 pm EST, except during the scheduled maintenance period from 4:58 pm to 5:06 pm EST. Extended maintenance periods are possible, and messages regarding maintenance are sent via the MBT Desktop, MBT Desktop Pro, and MBT Web 2.0 trading platforms. In addition, MBT begins MetaTrader 4 maintenance at 4:57 pm EST, one minute earlier.

MB Trading provides FREE real-time streaming Forex quotes in all software platforms. Demo accounts receive FREE streaming Stocks, Futures, and Options quotes which are delayed up to 20 minutes (per individual exchange requirement). FREE real-time streaming quotes for Stocks, Futures, and Options is available to nonprofessional users with funded, live accounts.

MB Trading provides Google Translation of our website for educational or informational purposes for its international customers. The graphics, applications and some portions of the website are not translated. Customers must bear the sole responsibility of evaluating their regional translation before making any decisions based on such information outside of what the English version of the site represents.