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October 3rd, 2008 - Company Moves From Trading Test Accounts to Trading Customer Accounts
141 Capital, Inc. Establishes Initial Account
141 Capital, Inc. has announced 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.
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