FCM Hedging Programs
FCM's
hedging programs employ only fully-hedged trading to remove risk and "lock-in"
price action. No arbitrage or speculative trade will be permitted in identified
hedge accounts.
FCM Arbitrage Programs
FCM's
arbitrage programs also identified by a separate account series will only
engage in arbitraging the cash and cash options markets in currency and
government obligations. "Arbitraging" involves the taking of offsetting long or
short positions (in same or different but interrelated markets). FCM will
attempt to capture pricing anomalies which develop between instruments which
should in a perfect market, be substantially identical in price by the
simultaneous purchase and offsetting sale of such instruments. Although one
would think currencies and government obligations would be, in general,
fungible, minor price differentials can develop between closely comparable
instruments due to transient factors and quirks of supply and demand. It is
these differentials which FCM will attempt to exploit.
FCM "Cross Rate" Programs
FCM
"Cross Rate" Programs will typically trade up to 20 currencies, concentrating
exclusively on foreign exchange, primarily through forward contracts. The
programs will trade the Swiss, Euro, British, Canadian and Japanese currencies
as well as a diversity of the other currencies. The programs have been
structured and the different markets weighted, to take into account the
potentially higher volatility of a portfolio which trade exclusively in the
currency markets. The FCM "cross rate" programs seek to eliminate much of the
U.S. dollar movements by engaging in "cross rate" trades, for example, by
buying the Swedish Kroner while simultaneously selling and equivalent amount of
Australian Dollars. Profits and losses accrue as the relationship between the
Swedish and Australian currencies change, irrespective of the U.S. Dollar
movements. The programs calculate position size based on the risk in the
currency market and the correlation of a particular currency with and against
other currencies. Click here for our recommended system performance numbers.
FCM Managed Speculative Accounts
FCM offers a wide range of trading account programs for both individual and
institutional investors. These programs trade forward, spot and option
contracts in a variety of currencies and government obligations, attempting to
achieve substantial capital appreciation through profiting form frequent and
often significant price fluctuations. The programs will take "outright"
positions in which the U.S. dollar is bought or sold against other currencies.
FCM in addition offers additional speculative trading programs in non-U.S.
government obligations in which these programs will attempt to profit form
rising or falling interest rates in the country of issue. The Company's
programs trade and advisors monitor over 30 different currencies and government
obligations and will trade exclusively in these markets.
The FCM principles believe that the risk inherent in a concentrated
approach should be somewhat reduced by employing a multi-program and advisory
strategy to its managed speculative accounts. By having a variety of programs
and advisory strategies, the investors believe customer accounts may achieve
reduced downside volatility while retaining substantial upside potential. The
Company's managed account programs are directed by in-house analysts and
several outside advisors who have been selected not only on performance but
their given trading approaches differ but compliment one
another.
FCM Closed End Funds
As a means
of providing investors concerned about additional liability or initial deposits
required FCM offers closed end investment funds. FCM selects and monitors all
speculative trading programs for these funds and will on an ongoing basis
allocate assets and provide all necessary administrating services to the funds.
All funds will trade exclusively through FCM's order desk and FCM as a company
will base compensation on performance incentive , no ongoing management fees or
fixed "Round turn" commission are charged to these funds.
Click here for a sample $25 million
portfolio.
FCM FX Option Trading
FCM offers a wide range of FX options strategies. Click here to find out more about options trading.
FCM views the world as one market; it does not differentiate
between the various financial centers located throughout the world. FCM is a
global company structured to capitalize on global opportunities.