CHICAGO, Sept. 23, 2008 (GLOBE NEWSWIRE) -- 141 Capital, Inc., (Pink Sheets:XXIS) is pleased to announce that the Company has initiated the testing phase of the proprietary algorithmic trading systems it plans to use for trading assets in indexes and grains. The Company's officers will initially use their own capital to test the trading system to ensure it meets with their satisfaction.
The three algorithmic trading systems that 141 Capital is employing are designed to trade index and grain assets, specifically corn, soybeans and the E-Mini S&P. The systems consist of a VWAP, Volatility Momentum System and a Bollinger Band system. The VWAP is a reactive system that works best when the 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 which attempts to verify divergent prices away from fair value.
"We are confident that these systems are performing to the standards we have set, and we look forward to obtaining excellent returns on our investments. When the initial phase of testing has been completed, we will solicit accounts to trade on behalf of our customers," stated Errol Stone, the 141 Capital 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
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