Dorman Trading

Dorman Trading is one of the oldest and most respected Futures Commission Merchants (FCMs) in the United States, with roots dating back to 1956 when it began serving floor traders at the Chicago Board of Trade. Acquired by Miami International Holdings (MIAX) in October 2022, Dorman continues to operate as a specialist FCM focused exclusively on futures and futures options markets across major exchanges including CME, CBOT, NYMEX, COMEX, and ICE.

One of Dorman's most notable differentiators is its exceptional platform breadth — supporting approximately 40 trading platforms, one of the largest selections of any FCM in the industry. Traders can choose from Dorman Direct (built on T4/CTS technology with built-in communication tools), NinjaTrader, CQG, TradingView, Sierra Chart, Trading Technologies, and dozens of others, all cleared through Dorman's FCM infrastructure. For algorithmic traders, Dorman offers CME Data Center colocation services in Aurora, IL, providing ultra-low latency connections to exchange matching engines.

Dorman does not publish standard commission rates publicly, as pricing is negotiated and varies based on volume, platform choice, and whether you trade through one of their approximately 35 Introducing Brokers or directly. Through IB relationships, rates as low as $0.59 per side have been advertised for Dorman-cleared accounts. Dorman maintains a stated policy of never competing with its IB network, ensuring no conflict of interest between the FCM and the brokers who introduce retail clients.

Dorman Trading is best suited for serious futures traders who want maximum flexibility in platform choice, algorithmic traders who require colocation and low-latency infrastructure, and Introducing Brokers seeking a reliable clearing partner. It is not designed for casual retail traders seeking equity stocks, options on equities, or cryptocurrency trading, as Dorman is strictly a futures-specialist FCM.