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NDX Capital Management
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Access This Page Directly:
http://ndx.altavra.com
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Program Descriptions
NDX Capital Management utilizes a combination of
technical and fundamental analysis in its trading
methodology. The Advisor trades both futures and
options on U.S. exchanges, including livestock and
grain sectors, e-mini indices, and electronic bond
products. However, the Advisor may trade any future
contracts that fit its profit objectives and risk
parameters.
NDX Capital Management’s trading strategies are
generally focused on position and spread trading.
Entry and exit signals are a product of technical
analysis that includes both traditional charting
techniques and proprietary computer programs. The
robustness of a trade, characterized by confirmation
of multiple technical indicators, determines the
position size and verifies the entry point.
Fundamentals, including seasonal influences, news
events, and supply and demand, are variables
considered in trade implementation. They also weigh
on profit objective and trade duration. Fundamental
factors are considered more in some markets than
others, given their influence relative to the
trade’s timeframe parameters.
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Abednego and Shadrach Programs
These programs focus trading in the livestock
sector, and both typically utilize spreads. The
technical parameters of the individual programs are
defined somewhat differently, however. A variety of
components – such as price, volatility, time, and
open interest – are factored in technical analysis.
The weightings, or importance, given to the various
components affects the overall system, often to a
large extent. It is this technical variance that
establishes the two separate programs. The Abednego
program adheres to strict trade evaluation criteria
from a technical aspect. The technical features of
the Shadrach program, however, allow elasticity,
which ultimately results in a more aggressive
trading approach. On occasion, the programs may
trigger opposing positions. The programs are traded
independently of one another. The minimum investment
in the Abednego and Shadrach programs is $100,000,
subject to change in the discretion of the Advisor.
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Methuselah Program
The Methuselah program utilizes an automated trading
system that is designed to profit from daily
volatility in the four main e-mini index products (Nasdaq,
S&P, Russell, and Dow) and the electronic U.S. 30
year bond product, with a trading timeframe that is
usually longer than one day. A variety of
proprietary indicators are utilized for precise
entries and exits, with system stops built in. All
five products are combined in this program to offer
diversification. The minimum investment in the
Methuselah Program is $25,000, subject to change in
the discretion
of the Advisor.
Commodity traders generally rely on either
fundamental or technical analysis, or a combination
of both, in making trading decisions. Technical
analysis is based upon the theory that a study of
the markets themselves will provide a means of
anticipating external factors, which affect the
supply and demand for a particular commodity to
predict future prices. Technical analysis of the
markets generally includes a study of, among other
things, the actual daily, weekly, and monthly price
fluctuations, volume variations, and changes in the
open interest. Fundamental analysis, on the other
hand, relies on a study of factors external to the
trading markets such as general economic factors,
anticipated world events, and supply and demand for
a given commodity to predict future prices.
Because the trading methods are confidential, the
discussion herein is of a general nature and not
intended to be exhaustive. The trading strategies
and systems utilized by NDX Capital Management may
be revised from time to time as a result of ongoing
research and development. The trading
strategies and systems used by NDX Capital
Management in the future may differ significantly
from those presently used.
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Management Information
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Phillip D. Herbert
Phillip Herbert is the Chief Executive Officer of
NDX Capital Management. His experience makes him
ideally suited to the role he assumes as a principal
of the Advisor. He has worked for 12 years as a
full-time trader, deriving the majority of his
income from his trading activities. His experience
includes training and supervising other traders.
He began his career in the financial services
industry as a stockbroker with Paine Webber Group
Inc., a financial management and stock brokerage
firm, where he was the top retail broker for two
consecutive years while employed there from August
1987 to February 1991. From February 1991, he was
employed as a retail broker for Pru-Bache
Securities, a stock brokerage firm. He left Pru-Bache
Securities in February 1993 to open the Minneapolis
branch of All-Tech
Investments, Inc., a stock brokerage firm
specializing in day trading using the Small Order
Execution System on the NASDAQ exchange. By 1996,
the firm provided training, order execution and
clearing services for approximately 300 equity
traders. In August 1996, he left All-Tech and became
a full-time trader at NDX Trading Inc., a broker
dealer, where he continues to trade actively. NDX
Trading provides services to day traders at its
offices and through remote Internet connections. He
received his Bachelor of Arts degree from the
University of St. Thomas in May 1986. On September
19, 2005 he registered as a Principal of NDX Capital
Management (CTA/CPO) and as an Associated Person on
September 26, 2005. He registered as Principal of
NDX Futures Inc. (an introducing broker), on
September 6, 2005 and as an Associated Person on
October 14, 2005.
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Alan J. Zenk
Alan Zenk is the Vice President of Operations of NDX
Capital Management. As such, he is responsible for
all daily operations. His attention to detail,
customer service orientation, constant focus on
follow- through, and process development skills are
an excellent match for his key areas of
responsibility. In addition, his strong technical
and analytical skills are helpful in identifying and
conducting due diligence on traders and trading
methodologies for inclusion in the Advisor’s
strategies.
His experience in the financial industry includes
serving in a similar capacity from April 2003 to
December 2004 as Director of Operations for
ArrowHead Capital Management, an alternative
investment manager specializing in non-correlated,
low volatility investment strategies. From December
2004 to September 2005, he evaluated several
business opportunities before deciding to focus on
the futures industry. He also has many years of
experience in developing businesses and raising
capital for their operations. In May 1999, he
founded VisualGold.com, Inc., an imaging and
security software firm, and served as its Vice
President of Business Development until March 2003.
From August 1998 to April 1999, he served as Vice
President of Internet Product Development for
Velocity Express, a delivery solutions firm. From
July 1994 to July 1998, he served as Chief Technical
Officer for American Plastics Exchange, a fax-based
database service for the secondary plastics
industry. Earlier in his career, he held various
computer systems-related positions within the
Klenzade division of Ecolab, Inc. He received his
Bachelor of Arts degree from St. John’s University
in May 1985 and his Master of Business
Administration degree from the University of
Minnesota in May 1989 with a concentration in
management information systems. On September 26,
2005 he became a registered Principal of NDX Capital
Management LLC and registered as an Associated
Person with NDX Futures Inc on November 23, 2005. On
May 19, 2008 Mr. Zenk registered as a principal of
Malachi Capital Management, an entity currently
pending registration as a Commodity Trading Advisor
and Commodity Pool Operator.
There have been no material administrative, civil,
or criminal actions, whether pending, on appeal or
concluded, against Phillip Herbert or Alan Zenk,
within the five years preceding the date of this
Disclosure Document or at any other time. The
performance record of NDX Capital
Management begins on page 13 of this document.
The
descriptions above
are from the manager’s disclosure document.
THE
RISK OF LOSS IN TRADING FUTURES, OPTIONS AND
OFF-EXCHANGE FOREX
CAN BE SUBSTANTIAL. PAST RESULTS ARE NOT
NECESSARILY INDICATIVE OF FUTURE RESULTS. PLEASE READ THE
CTA'S RISK DISCLOSURE DOCUMENT CAREFULLY BEFORE
INVESTING MONEY.
Disclosure Statement
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