Onda Capital Management

US Index Program

Program Description: The Onda U.S. Index Program. The Onda U.S. Index Program trades regularly in the following markets: S&P 500 Index, Nasdaq 100 Index, Russell 2000 Index, and Dow Jones Industrials Index. TRADING OCM seeks capital appreciation of client accounts through speculation. There is no representation being made that the trading programs offered will be successful in achieving this goal. The trading strategies utilized by OCM are proprietary and confidential. The following description is of necessity general and is not intended to be all-inclusive. Each OCM program seeks to profitably trade some or all of the markets available within the program. Diversification across several contracts may result in less risk than trading a single market with similar leverage under some circumstances. The benefit of this diversification is limited, however, since the OCM programs do not employ fixed allocations of assets to each market, but rather, seek to allocate assets to the markets which appear to offer the most favorable reward to risk opportunities. Though these trading programs do not primarily take simultaneous long and short positions across the various instruments traded ("a Spread"), such positions may be employed in order to generate profits or to hedge current positions where market conditions or liquidity do not facilitate or permit the timely exiting of a position. The trading strategies employed by OCM are primarily intraday and short-term, with trades lasting from as little as a few minutes to as long as several days. Individual instruments may be traded several times in a single day, or not traded at all for several days, depending on market conditions. Ultimately, OCM's trading is discretionary, though the decisions are based on an extensive suite of quantitative and technical indicators and models, some of which generate buy and sell recommendations in real-time.