FX MANAGERS
FB It is important to understand
that we built this model from the bottom up. Two of the three ma na g i n g partners were market makers and proprietary traders in the FX market. For decades, we used a set of parameters with success. We met our third partner who completed our trio brilliantly by bringing an extensive and unique t echnolo g ic a l b ack g r ou nd enabling us to systemize our successful t
r a d ing
b ack g r ou nd into a state of the art model.
The core of the
model itself has never changed and is applied to a multitude of currency pairs of which we actively trade the most liquid. Our methodology is hybrid and composed of a systematic signal generator which is paired by a qualitative risk management overlay with a strict set of
“All the trading is done in Montreal. The research & development aspects are done in San Francisco. ”
modify a few parameters on a yearly basis keeping the core systematic model unchanged.
JW How do you manage risk in the
parameters. We spend a valuable amount of time on a regular basis to improve the risk management parameters and when need be we
company?
FB Our risk monitor looks at risk on a per position basis and within the framework of the portfolio p e rsp e ct iv e. We have a hard stop loss on a per position basis from inception of every position.
JW Could you
give us an example of a trade that you might have implemented in the past but that you would not repeat today? What is the most i mp o r ta n t lesson you learnt from past
trading
decisions? FB
Te most
important lesson we have learned since we launched our program in 2006 is that we should follow it without too much intervention since it was built with robust risk management and diversification parameters.
FX TRADER MAGAZINE January - March 2012 55
FX
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