The Swing FX trading system seeks to identify and take advantage of counter trends in forex markets. As determined by the proprietary trading model, a fixed percentage of assets are placed on each trade. Risk is defined at the inception of each trade and ‘stops’ are implemented at trade initiation. However, the system is dynamic in nature - adjusting risk, and subsequent ‘stop’ levels in response to price movements. While technical in nature, trader discretion is exercised if the position gets deep in the money very quickly. This discretionary override is designed to mitigate the whipsaw effect exhibited during volatile market conditions by pocketing profits systematically. Volatility is managed by defined parameters. Essential to the trading system is an integrated sensitivity to shifts in market direction. The system contains a reversal component whereby a trade may be stopped in one direction and a new trade initiated in the other direction. This distinctive element of the trading system may result in long and short positions in a particular market on the same day. The system may be neutral, as positions are taken only on signals. One of the most significant features of the system, however, addresses profit preservation. Initial profit objectives are defined at each trade’s initiation.

 

Frederic Bettan is the President and CEO of Swing Capital, Inc.  His roles at Swing Capital, Inc., include trading, marketing and research and development. 

 

Frederic Bettan holds a Bachelor in Administration degree with specialization in Finance from the HEC School in Montreal. After getting his university degree, he was chosen to be part of Montreal Exchange 5-months intensive trader’s apprenticeship program where he passed all Financial IDA accreditations on top of multiple risk management, technical analysis and trading diploma. Mr. Bettan then went on to work for the Bank of Montreal for a total of 7 years in Toronto and London where he successfully held different trading positions ranging from money market and foreign exchange trading to manager of the Canada desk. For the past five years he has been building, developing and nurturing a strong client network between major financial centers in the world where he promotes derivatives for the Montreal Exchange to Hedge funds, banks and other trading institutions.

 

Michel Nahmany is the Vice President and COO of Swing Capital, Inc. His roles at Swing Capital Inc., include trading, operations and research and development.

 

Mr. Nahmany holds a Bachelor degree in Business Administration with specialization in Finance from the HEC School in Montreal. After obtaining his University degree, he went on to get several other IDA accreditations while starting his banking career. Mr. Nahmany then went on to work for the Credit Lyonnais in Montreal for a total of 9 years where he successfully held different trading positions ranging from money market and foreign exchange trading to manager of the forex desk. Through this experience, Mr. Nahmany acquired a unique expertise in every aspect of trading; from an in-depth understanding of back office processes to a thorough knowledge of market-making currencies spot and forward. For the past five years, Mr. Nahmany held a key-counselling role in the treasury and capital markets of National Bank of Canada where he held the position of Senior Internal Auditor for financial markets. In this role he evaluated and recommended the adequate level of risk acceptable for each line of business in concordance with the bank policy and the regulatory body in place.

 

THE RISK OF LOSS IN FOREX TRADING CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD ALSO BE AWARE OF THE FOLLOWING:

 

FOREX TRANSACTIONS ARE NOT TRADED ON AN EXCHANGE, AND THOSE FUNDS DEPOSITED WITH THE COUNTERPARTY FOR FOREX TRANSACTIONS MAY NOT RECEIVE THE SAME PROTECTIONS AS FUNDS USED TO MARGIN OR GUARANTEE EXCHANGE-TRADED FUTURES AND OPTIONS CONTRACTS. IF THE COUNTERPARTY BECOMES INSOLVENT AND YOU HAVE A CLAIM FOR AMOUNTS DEPOSITED OR PROFITS EARNED ON TRANSACTIONS WITH THE COUNTERPARTY, YOUR CLAIM MAY NOT RECEIVE A PRIORITY. WITHOUT A PRIORITY, YOU ARE A GENERAL CREDITOR AND YOUR CLAIM WILL BE PAID, ALONG WITH THE CLAIMS OF OTHER GENERAL CREDITORS, FROM ANY MONIES STILL AVAILABLE AFTER PRIORITY CLAIMS ARE PAID. EVEN CUSTOMER FUNDS THAT THE COUNTERPARTY KEEPS SEPARATE FROM ITS OWN OPERATING FUNDS MAY NOT BE SAFE FROM THE CLAIMS OF OTHER GENERAL AND PRIORITY CREDITORS.

 

THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

 

MANAGED ACCOUNTS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES AND THE ACCOUNT MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETING OR EXHAUSTING ITS ASSETS.  THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE ACCOUNT MANAGER.

 

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND SIGNIFICANT ASPECTS OF THE FOREX MARKETS.  THEREFORE, YOU SHOULD CAREFULLY REVIEW THIS DISCLOSURE DOCUMENT BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT. 

 

You are encouraged to access the disclosure document AND/OR MANAGEMENT AGREEMENT by clicking the links provided AT Forms.altavra.com. You will not incur any additional charges by accessing the documents. You may also request delivery of a hard copy at formsbymail.altavra.com, which will also be provided to you at no additional cost.  thE cftc has not passed upon the merits of participating in any of these trading programs nor on the adequacy or accuracy of any of these disclosure documents OR MANAGEMENT AGREEMENTS..

 

YOU SHOULD ALSO BE AWARE THAT THIS TRADING ADVISOR MAY ENGAGE IN TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES, THESE MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION. FURTHER, UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.  THE TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR’S NAME FROM A CLIENT FOR TRADING. YOU MUST PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT.

 

THE FOLLOWING PERFORMANCE NUMBERS HAVE BEEN SUPPLIED BY THE MANAGERS DIRECTLY TO VARIOUS DATA COLLECTION SERVICES.  THE INFORMATION PRESENTED HAS BEEN OBTAINED FROM DATA COLLECTION SOURCES THAT ALTAVRA BELIEVES TO BE RELIABLE.  ALTAVRA IN NO WAY GUARANTEES THE ACCURACY OF THESE NUMBERS AND HAS SUPPLIED THEM FOR INFORMATIONAL PURPOSES ONLY.  ALTAVRA HAS NOT AND CANNOT VERIFY THE ACCURACY OF SUCH INFORMATION AND POTENTIAL INVESTORS SHOULD BE AWARE THAT SUCH INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE.  THIS DOES NOT CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL.  Other disclosure statements are required to be provided before an account may be opened for you.

 

questions or COMMENTS:  please email clientservices@altavra.com or call 1-800-998-7870.

 

Peregrine Financial Group, Inc may act as counterparty to your forex transactions.  Past performance is not necessarily indicative of future results.   There are substantial risks associated with leveraged products and additional risks with off-exchange transactions such as those in this managed forex account program. 

 

The descriptions above are from the managed futures / forex database.

Disclosure Statement    Management Agreement