Dorman Trading's Hal Dunne quits company, Dorman's capital shrinks 25% - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Dorman Trading's Hal Dunne quits company, Dorman's capital shrinks 25%
Updated: Views / Replies:3,548 / 10
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Dorman Trading's Hal Dunne quits company, Dorman's capital shrinks 25%

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

Dorman Trading's Hal Dunne quits company, Dorman's capital shrinks 25%


Quoting 
We are writing to advise you of a change to the ownership structure of Dorman Trading LLC. Hal Dunne, a Managing Member of Dorman, has decided to end his relationship with Dorman Trading Company Inc. and Dorman Trading LLC. As a result, Dennis Dorman has become the sole owner of Dorman Trading Company, Inc. and Dorman Trading LLC. We understand that you may have questions related to this change and hope to address those in this correspondence. On a day-to-day basis, Mr. Dunne was not actively involved in the operations of Dorman Trading LLC; therefore, you will not notice any changes to the company in this regard. From a capital perspective, Dormanís capital will decline by approximately 25%. Despite Mr. Dunneís withdrawal of capital, Dorman Trading maintains excess capital well in excess of its regulatory requirement.

We do not expect this change to impact Dorman Trading LLC in any way. We remain strongly committed to the FCM business and have plans to grow in the future. As a result of this change, Dormanís FCM Risk Disclosure is required to be updated and distributed to clients. I have included a copy of this document as a reference and the link to this document will be emailed to clients. Further, this document is posted on the Dorman website and will be included in all account documentation going forward.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 12 users say Thank You to Big Mike for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Why have I not got a letter?


I find it disconncerting that as a Ninjatrader Brokerage (ex Mirus) customer of some years I have not been given the courtesy of being sent this letter by Dorman or NinjaTrader.

I have significant funds there and this is not the first time I have questioned Mirus/Dorman about poor communications.

@Big Mike Iam not sure if you received this letter as an account holder with Dorman/NinjaTrader Brokerage or because of your ownership of this forum, but I do think it is poor form of @NinjaTrader that account holders have not been communicated with.

I would not have known about this if it were not for Big Mike's post.

Reply With Quote
The following 2 users say Thank You to steve2222 for this post:
 
  #4 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
Favorite Futures: ES CL ZB
 
Posts: 370 since Dec 2009
Thanks: 218 given, 369 received


steve2222 View Post
I find it disconncerting that as a Ninjatrader Brokerage (ex Mirus) customer of some years I have not been given the courtesy of being sent this letter by Dorman or NinjaTrader.

I have significant funds there and this is not the first time I have questioned Mirus/Dorman about poor communications.

@Big Mike Iam not sure if you received this letter as an account holder with Dorman/NinjaTrader Brokerage or because of your ownership of this forum, but I do think it is poor form of @NinjaTrader that account holders have not been communicated with.

I would not have known about this if it were not for Big Mike's post.

Perhaps @NinjaTrader will reply.

Reply With Quote
 
  #5 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,260 since May 2010
Thanks: 153 given, 1,890 received


steve2222 View Post
I find it disconncerting that as a Ninjatrader Brokerage (ex Mirus) customer of some years I have not been given the courtesy of being sent this letter by Dorman or NinjaTrader.

I have significant funds there and this is not the first time I have questioned Mirus/Dorman about poor communications.

@Big Mike Iam not sure if you received this letter as an account holder with Dorman/NinjaTrader Brokerage or because of your ownership of this forum, but I do think it is poor form of @NinjaTrader that account holders have not been communicated with.

I would not have known about this if it were not for Big Mike's post.

I understand that a decrease in excess capital gives traders reason to pause (or firms a reason to create fear and uncertainty), but this was simply a personal decision for a long-time partner to retire and nothing more. Dorman Trading remains strongly committed to their customers. Dennis Dormanís lifelong friend and long-time business partner decided to retire. The partnersí buyout agreement was the reason for the decline in excess capital.

Reply With Quote
The following 3 users say Thank You to NinjaTrader for this post:
 
  #6 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received


NinjaTrader View Post
I understand that a decrease in excess capital gives traders reason to pause (or firms a reason to create fear and uncertainty), but this was simply a personal decision for a long-time partner to retire and nothing more. Dorman Trading remains strongly committed to their customers. Dennis Dormanís lifelong friend and long-time business partner decided to retire. The partnersí buyout agreement was the reason for the decline in excess capital.

@NinjaTrader

I understand the actual transaction, but my point is ... why did Mike get a coomunication from Dorman, yet other account holders like myself were not advised.

After all the bit Mike quoted says 'we are writing to advise ..' - well who did you/Dorman write to because it sure wasn't me?

Reply With Quote
The following 2 users say Thank You to steve2222 for this post:
 
  #7 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


steve2222 View Post
I understand the actual transaction, but my point is ... why did Mike get a coomunication from Dorman, yet other account holders like myself were not advised.

I neither got an email; I guess Mike heard this from his personal account manager. Perhaps it still has to be made public? Because there is also no notice on their website.

Reply With Quote
The following user says Thank You to Jura for this post:
 
  #8 (permalink)
Rristocrat
zurich
 
Futures Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Favorite Futures: Bund, ES, ...
 
puma's Avatar
 
Posts: 963 since Aug 2010
Thanks: 7,268 given, 1,489 received

I am a Dorman customer too. (a minor one apparently )

got no notice.

Tx Mike for sharing the info.

Reply With Quote
 
  #9 (permalink)
Elite Member
Frankfurt am Main Germany
 
Futures Experience: Advanced
Platform: NinjaTrader, MTPredictor
Broker/Data: Ninjatrader brokerage/continuum
Favorite Futures: e-minis,fdax
 
Posts: 11 since Aug 2010
Thanks: 6 given, 10 received

House Bank


steve2222 View Post
I find it disconncerting that as a Ninjatrader Brokerage (ex Mirus) customer of some years I have not been given the courtesy of being sent this letter by Dorman or NinjaTrader.

I have significant funds there and this is not the first time I have questioned Mirus/Dorman about poor communications.

@Big Mike Iam not sure if you received this letter as an account holder with Dorman/NinjaTrader Brokerage or because of your ownership of this forum, but I do think it is poor form of @NinjaTrader that account holders have not been communicated with.

I would not have known about this if it were not for Big Mike's post.

Did you ever receive similar informations from your house bank?

Reply With Quote
 
  #10 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received



tmenje View Post
Did you ever receive similar informations from your house bank?

The very same regulatory requirements of making full disclosure cover all financial institutions, whether banking (under different regulatory agencies) or Futures Clearing Merchants (FCM's). So in short, yes, one's house bank or local banker (where one maintains an account) would be required to make similar material disclosures of significant changes in ownership.

At least Domestic US regulated accounts would naturally expect to be notified, not just happen upon some change in the website and some posted notice on same.

After all, your account opening process and their due dilligence efforts look into every legal aspect of their prospective account holders' lives and financial relationships.

Reply With Quote
The following 2 users say Thank You to kronie for this post:

Reply



futures io > > > > Dorman Trading's Hal Dunne quits company, Dorman's capital shrinks 25%

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Dorman Complaint LightWeight Reviews of Brokers and Data Feeds 23 April 30th, 2016 11:42 AM
Rosenthal Collins (RCG) vs Dorman Trading alexman Reviews of Brokers and Data Feeds 25 June 27th, 2014 05:53 PM
Mirus/Dorman Eure Erfahrungen Maxie German Traders 23 April 14th, 2014 06:01 PM
Dorman with qst forexboom Reviews of Brokers and Data Feeds 10 May 12th, 2012 06:00 AM
HAL - Halliburton Company HPotter Stocks and ETFs Trading 2 May 2nd, 2012 01:55 AM


All times are GMT -4. The time now is 07:00 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.15 seconds with 19 queries on phoenix via your IP 54.92.194.75