Futures Account Agreement (Genie AI)

The Futures Account Agreement (Genie AI) is a legal template that outlines the terms and conditions between a futures trader and a brokerage firm while utilizing artificial intelligence (AI) technology known as Genie AI.

This agreement is designed to provide a clear understanding of the rights, obligations, and responsibilities of both parties involved in futures trading with the use of AI software. It includes standard clauses related to account opening, risk disclosures, trading rules, commissions, fees, and account termination procedures.

The template may specifically address the functionalities, limitations, and potential risks associated with the Genie AI technology, which is employed by the brokerage firm to provide trading recommendations, execute trades, and analyze market conditions using advanced algorithms and historical data.

Furthermore, the document may outline the obligations of the trader, such as providing accurate information, maintaining adequate account balances, and authorizing the AI system to execute trades on their behalf. It may also specify the responsibilities of the brokerage firm regarding the safekeeping of client funds, privacy and data protection, and any warranties or disclaimers related to the Genie AI technology.

Overall, the Futures Account Agreement (Genie AI) serves as a legally binding contract that establishes the terms and conditions for futures trading between the trader and the brokerage firm, and it incorporates additional provisions related to the implementation and utilization of Genie AI technology within this context.