BENEFITS

• Liquidity – The markets used by CTA's and CPO's are actively traded by speculators and hedgers, each with different objectives for trading at different price levels
• Transparency – A detailed accounting of all positions held in the account are available to investors daily
• Daily NAV's – The Net Asset Value for every account is determined daily by calculating the profit and loss for all liquidated trades and by marking to the settlement price all open positions in the account
• Regulated – The trading activity of all futures contracts are monitored throughout the day by each exchange, while the participants in the industry are regulated by a self-policing body, the National Futures Association (NFA), and a federal regulatory agency, the Commodity Futures Trading Commission (CFTC)
• Counterparty Risk – Exchanges and clearing houses guarantee the trades made in their markets by all market participants