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Bailey McCann, Opalesque New York:

Bahamas-based Mediatrix Capital is expanding its foreign currency FX Spot and Spot Gold and Silver trading managed account platform. The firm is opening up the platform for an additional $100 million in outside capital, Chief Operating Officer and Co-Founder Michael S. Young tells Opalesque.

Mediatrix focuses on cycle trading currency pairs and also provides an FX Spot and Spot Gold and Silver platform. The managed account platform comes with a 120-day lock-up, with monthly liquidity thereafter, and as with a number of managed account platforms the trades are fully transparent. "We have worked hard to take the gambling aspect out of the FX market," Young says. "Our performance is fully audited."

The move follows a significant technology investment in the firm's trading algorithms that allows for the simultaneous trading of four currency pairs up from a single pair historically. The improvement in capability has increased client gains while keeping the risk of ruin ratio low. "With the upgrade our system is now able to respond to changes in the market in real time, and we've kept an auditable 94 percent win rate on our trades," Young says. "That's not something an individual trader is going to be able to do in this market."

Young and his team typically have micro-positions that follow short time intervals, intra-day trends or embedded trends. Young says that......................

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