Trading Group Confirmation

Risk Disclosure: The risk of loss in trading Commodity Futures, Options and Foreign Exchange ("Forex") can be substantial. The high degree of leverage associated with Commodity Futures, Options and Forex can work against you as well as for you. This high degree of leverage can have the effect of substantially magnifying potential losses as well as gains. You should carefully consider whether Commodity Futures, Options and Forex are suitable for you in light of your financial condition. If you are unsure you should seek professional advice. Each Commodity Trading Advisor ("CTA") is required by the Commodity Futures Trading Commission ("CFTC") to issue the prospective clients a Risk Disclosure Document outlining these fees, conflicts of interest and other associated risks. The full risk of Commodity Futures, Options and Forex Trading cannot be addressed in this risk disclosure statement.

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