CHICAGO, July 21, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc. (Pink Sheets:XXIS) is pleased to announce that development of its initial algorithmic trading systems are near completion. Each of these initial systems has specific targets and functions.
The Company has been focused on the development of three different systems to service a diverse range of clients engaged in trading in grain futures and indexes. The first system, known as PS VWAP, is a reactive system that works best when the markets are trading sideways. The second is a Volatility Momentum System, that combines pattern recognition features with volatility associated with directional momentum. The third is a reactive system utilizing Bollinger Bands to take advantage of market pricing that diverge from fair value.
"We feel confident that these new systems will aid our clients in obtaining attractive returns on their investments," stated Errol Stone the CEO of 141 Capital. "Current market conditions have made grain and equity index derivatives viable investment choices. 141 Capital will look to capitalize on these market conditions and volatility as we look forward to deploying an ever-increasing inventory of new systems beginning in August."
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.
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.