News for 'XXIS' - (141 Capital, Inc. Establishes Initial Account Company Moves From Trading Test Accounts to Trading Customer Accounts)
CHICAGO, Oct 02, 2008 /PRNewswire-FirstCall via COMTEX/ -- 141 Capital, Inc.,
(Pink Sheets: XXIS) is pleased to announce that it has secured its initial
customer account that it will use to begin trading on behalf of its new client.
141 Capital will invest the funds in the S&P Mini and bond markets using its
proprietary algorithmic trading systems.
The three algorithmic trading systems that 141 Capital is employing are the
VWAP, Volatility Momentum System and the Bollinger Band. VWAP is a reactive
system that works best when markets are trading sideways. The Volatility
Momentum System combines pattern recognition features with volatility associated
with directional momentum. The Bollinger Band System is also a reactive system
that attempts to verify divergent prices away from fair value.
"We have completed beta testing on our suite of trading systems and we're now
accepting new clients. We will be working very hard to build our clients'
portfolios and generate revenue for them. We are confident that the systems
we're using will provide excellent returns, attracting many more accounts,"
stated Errol Stone, 141 Capital's CEO.
About 141 Capital, Inc.
141 Capital, Inc. is a publicly traded company based in Chicago. It provides
electronic trading systems for trading financial products listed on the world's
derivatives exchanges, including foreign exchange futures and options (mostly on
the Chicago Mercantile Exchange), equity index futures and options worldwide,
energy futures and options, grain futures and options and fixed income futures
and options.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of Forward-Looking Statements: This news release may contain forward-looking
statements as defined by the Private Securities Litigation Reform Act of 1995.
These statements present management's expectations, beliefs, plans and
objectives regarding future financial performance, and assumptions or judgments
concerning such performance. Any discussions contained in this release, except
to the extent that they contain historical facts, are forward-looking and
accordingly involve estimates, assumptions, judgments and uncertainties. There
are a number of factors that could cause actual results or outcomes to differ
materially from those addressed in the forward-looking statements.
SOURCE 141 Capital, Inc.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
