Dukascopy broshure PAMM eng
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Transcript of Dukascopy broshure PAMM eng
www.dukascopy.comwww.dukascopy.com
Welcome to Dukascopy Bank
professionally in the FX Market
Swing
Dukascopy Bank...............................06
External Money Manager FX Solution...07
PAMM Features.................................08
Advantages...09
Trade Allocation...............................10
..........11
Performance Monitoring....................12
Investment Protection Solution..........13
External Money Manager
External Money Manager Report
Table of Contents
06
Dukascopy Bank
ukascopy Bank is based in Geneva, Switzerland. Host to Dukascopy Bank continues to follow its primary chosen business
multiple international organizations, Geneva is home to model (ECN) and constantly develops its relations with banks and
people and cultures from around the world. Stability, security and financial institutions to create the world’s biggest liquidity
high FX regulatory standards of the country fit perfectly with aggregator.
Dukascopy Bank’s culture. Dukascopy Bank is supervised by the
Swiss Financial Market Supervisory Authority (FINMA), the Today, Dukascopy Bank is an innovative Swiss-based bank offering
institution that is charged with preserving and the strengthening a unique combination of technological and Forex skills. People of
public confidence in the security and integrity of core financial Dukascopy are driven by one goal and purpose: to continue
practices of financial centre. Furthermore, the Bank is audited by shaping the most advantageous and transparent Forex trading
KPMG, one of the world's leading auditors. environment imaginable for the benefit of its clients.
Dukascopy Bank is one of the leaders in the foreign exchange During these initial years of presence in the brokerage market,
industry, specialized in Spot Forex. The Swiss Company the popularity of the company significantly among
was founded in 2004, to fulfill market’s needs on providing individual and institutional clients. Our customers fully rely on
technological trading solutions to traders. Dukascopy Bank’s unique execution quality.
increased
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07
External Money Manager FX Solution
ukascopy Bank offers the most complete management tools in the FX market to enable the best
These tools create a favorable investment situation in combination with the Swiss regulatory
environment and the unique liquidity of the bank.
The main feature is the Percent Allocation Management Module (PAMM).
trading possibilities for
External Money Managers.
The PAMM is the technical solution provided to Dukascopy
Bank’s clients, allowing them to have their accounts managed by their own External Money Manager acting on the basis of a limited
trading power of attorney. The PAMM allows such a Manager, on one trading platform, to manage simultaneously unlimited number
of accounts. The managed accounts can be funded in different currencies and deposited with different banking institutions.
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08
PAMM Features
ukascopy Bank provides a technical solution enabling a client to appoint an independent trader (External Money Manager) of
his/her choice on the account. To support this activity Dukascopy Bank has created a unique environment, based on the
following main characteristics:
Access to unlimited ECN liquidity, without maximum lot Advanced PAMM environment
restrictions (ECN liquidity allows trading on institutional-sized
Professional reporting for clients and traders accounts)
Professional trading platform Trading on accounts with different base currencies as one pool
Different trading possibilities including stop-loss and limit orders Facilities for payments between clients and traders
Individual Stop-Loss Level on equity for each account
Opportunity to trade funds deposited with different institutions
(like our custodian bank partners, including Dukascopy Bank)
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This flexible system provides with full advanced control and risk management features. With its unique
tool for client risk protection, Dukascopy Bank continues to expand on its sophisticated External Money Manager offering.
the External Money Manager
For the first
time, the client can preset his/her individual investment protection level. From the beginning, the client will have instant online
access providing him/her with full transparency and the option to control his/her investment.
ukascopy Bank has created an advanced system FX in the best conditions. to enable External Money Manager to trade In
addition to common solutions, we offer:D
09
External Money Manager Advantages
Possibility to add and/or remove funds and accounts without Choice of base currency for the trader’s platform
interrupting trading activity
Ability to manage through one
of multi-currency accounts
Immediate and automated trade allocation
Performance fee calculation
trading platform an unlimited Interactive functionality to accept/decline new managed accountsquantity
between the concerned Capacity of Stop-Loss Level reached on an individual account
accountsnot to affect the other accounts under the PAMM
epending on the deposit size, each managed account has its
own ratio in the PAMM. The total of all ratios under one
PAMM account is always equal to 100%. The trader's activity
results (trades, Profit & Loss)
For example, we have 3 accounts under trader’s management:
1. USD account with deposit of $ 100 000 and resulting ratio 20%;
2. EUR account with deposit of $ 250 000 and resulting ratio 50%;
3. GBP account with deposit of $ 150 000 and resulting ratio 30%.
are allocated between the managed
accounts related to the PAMM according to the allocation ratio.
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10
EUR/USD2 000 000
LONG
EUR/USD5 000 000
LONG
EUR/USD3 000 000
LONG
Allocation Ratio
Position Allocation
PAMM Technology
InvestorsPortfolios
$150 000
$100 000
$250 000Money
Manager
Buy 10 MIOEUR/USD
Trade Allocation
Depending on funded amounts, different ratios are applied for the managed account (for ratio calculation all amounts are
converted in USD equivalent based on market rate).
Let’s say to BUY 10 mio EUR/USD, PAMM
according to the ratios. Each managed account has its own portion of the position and corresponding Profit & Loss. In the current
example:
Resulting Profit & Loss will be automatically calculated for each account depending on market prices.
an External Money Manager decides allocates the order between the managed accounts
20%
50%
30%
1. First managed account will get position LONG 2 000 000 EUR/USD
2. Second managed account will get position LONG 5 000 000 EUR/USD
3. Third managed account will get position LONG 3 000 000 EUR/USD
Last login:Loggoff
[change password]
11
Get CSV URLReports
ReportsPortfolio Statement
Intraday Statement
Position Reports
Commissions
Client Action Log
Trade Log
Activity Log
Client Accounts
Client accountsReload
Name:
Account ID:
Date:
Time:
Money Manager
188403
28.10.2010
15:44:36
Waiting Accounts
Client ID Name Balance Currency Description Stop Loss Level Currency Action
Activate192446 Money Manager Client 1 100 000.00 EUR Account to be activated 50 000.00 EUR Decline
Active Accounts
Client ID Name Balance Currency Description Stop Loss Level Currency Action
Deactivate192444 Money Manager Client 2 100 000.00 USD Active account Ratio: 100.00% 50 000.00 USD
Inactive Accounts
Client ID Name Balance Currency Description Stop Loss Level Currency Action
192445 Money Manager Client 3 500 000.00 USD Inactive account. Waiting for client accept 100.00 USD
Show in current window
Open a new window
External Money Manager Report
he External Money Manager has a clear view on each of his clients' accounts, including their Stop-Loss Level.
reactivate or decline any single client within the PAMM.
He also has the power to
activate, T
12
Reload
Status:
Status action:
Stop Loss Level:
Stop Loss level
action:
Last change:
Deactivate
Active
50 000.00 USD
Status: Active
USD
Last login:Loggoff
[change password]
Summary Reports Get CSV URL
SummaryMy Status
Action Log
Description Overview
Current Balance:
Current Equity:
Current Day P/L:
Debit/Credit:
Currency:
0.00
99 964.50
USD
-35.50
100 000.00
• The account is currently under Management. Press 'Deactivate' button anytime to block trading on the account. Deactivation will result in closure of all open positions. Pending orders will be cancelled.
• To protect your funds please use 'Stop Loss Level' function. All open positions will be closed and trading blocked if equity on youraccount is equal or less than 'Stop Loss Lever'. Please be informed that equity on your account after closing of all open positions might be below 'Stop Loss Level' depending on market conditions.
Daily Activity
11644067
11644066
11644073
OPENED
OPENED
OPENED
USD/JPY
USD/JPY
USD/JPY
50 000.00
50 000.00
50 000.00
LONG
LONG
LONG
80.9290
80.9290
80.9350
80.9150
80.9150
80.9150
-700.00 JPY
-700.00 JPY
-10 000.00 JPY
28-10-2010 15:44:50
28-10-2010 15:44:50
28-10-2010 15:44:55
28-10-2010 15:45:37
28-10-2010 15:45:37
28-10-2010 15:45:37
11644071 CLOSED USD/CHF -50 000.00 SHORT 0.983120 0.983090 1.50 CHF 28-10-2010 15:44:53 28-10-2010 15:45:00
Account Settings
ID Status Instrument Amount Direction Open Price Current Price P&L Open Date Current Date
ID Status Instrument Amount Direction Open Price Close Price P&L Open Date Close Date
Submit
ukascopy Bank’s clients are given access to their accounts’ detailed and consolidated performances. An elaborate reporting
module allows each client to analyze the performance of the External Money Manager at any time of the day.D
Performance Monitoring
13
Last login:Loggoff
[change password]
Summary Reports Get CSV URL
SummaryMy Status
Action Log
Reload
Status:
Status action:
Stop Loss Level:
Stop Loss level
action:
Last change:
Revoke
Waiting Manager’s acceptance
50 000.00 USD
Stop Loss Level: 50 000.00 USD
USD
Account Settings Description
• The account is waiting for Manager's acceptance. Once accepted, trading will be enabled. To interrupt the process please press 'Revoke'. • To protect your funds please use 'Stop Loss Level' function. All open positions will be closed and trading blocked if equity on your account is equal or less than 'Stop Loss Level'. Please be informed that equity on your account after closing of all open positions might be below 'Stop Loss Level' depending on market conditions.
Overview
Current Balance:
Current Equity:
Current Day P/L:
Debit/Credit:
Currency:
0.00
100 001.28
USD
1.28
100 000.00Submit
Investment Protection Solution
lients are given the possibility to set and manage a specific investment protection level, by using unique Dukascopy Bank ‘s
Stop-Loss system. This feature provides an outstanding advantage both for the client's comfort and the manager's confidence. C
G meExternal Money Manager FX Solution
for successful people
Tool
www.dukascopy.com
Dukascopy Bank SARoute de Pré-Bois 20, ICC 1215 Geneva 15, Switzerland Tel: +41 22 799 4888(0) Fax: +41 (0) 22 799 4880 e-mail: [email protected]
This brochure is intended only for Forex professional investors and financial institutions authorized to establish Business-to-Business relationships with Dukascopy Bank. Other persons should not act upon this brochure. Engaging in Forex involves significant risks of losing part or all of the investment. If in doubt about engaging in Forex trading and/or establishing business relationships with Dukascopy Bank one should consult a qualified advisor.