141 Capital, Inc. Funds Trading System License
December 19 2007 - 2:04PM
Business Wire
141 Capital, Inc. (OTC:XXIS) announced today that it has funded the
first part of its commitment regarding the exclusive licensing of
the Statistically Weighted Arbitrage Recognition Model (�SWARM�)
for derivatives, by issuing 120 million restricted common shares to
Spooz, Inc. (OTC:SPZI). Under development since January 2007, SWARM
is a high-frequency, light-touch trading model developed by Spooz.
SWARM is a combination of proprietary arbitrage models that exploit
local and spatial price discovery. Its unique weighted components
allow for �dynamic� co-integration balancing between multiple
correlated markets. Because its success is based on the automation
of quantitative strategies, SWARM�s trading performance is not
dependent on any specific market direction, but rather on precise
micro-second calculations to identify opportunities as they arise.
�We are confident that SWARM will play a role in the development of
trading at 141,� stated Errol Stone, CEO for 141, �but we are also
excited about a number of other systems being developed by our
quantitative analysts and traders. 141 can never be reliant on a
single trading system because different systems achieve differing
results as market conditions change.� About 141 Capital, Inc. 141
Capital, Inc., is a publicly traded company based in Chicago that
develops and executes electronic trading systems for 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. Forward Looking Statements This press
release contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and
the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of Forward-Looking Statements:
This news release may contain forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995. These
statements present management's expectations, beliefs, plans and
objectives regarding future financial performance, and assumptions
or judgments concerning such performance. Any discussions contained
in this release, except to the extent that they contain historical
facts, are forward-looking and accordingly involve estimates,
assumptions, judgments and uncertainties. There are a number of
factors that could cause actual results or outcomes to differ
materially from those addressed in the forward-looking statements.
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