Due to the trading strategy of our intra-day discretionary programs, Capricorn is committed to obtaining the most favourable overall execution service for our clients. Therefore, by building strong relationships with financial institutions that offer premier execution service, we are able to operate efficiently and this allows us to focus on creating pure alpha in the currency markets.

 PRIME BROKERAGE                                                     

Capricorn has established a Prime Brokerage agreement with Deutsche Bank and UBS in London, to minimize operational issues and to curb costs through consolidated financing.  The flexibility behind the prime brokerage gives us the benefits of executing with a number of banks, thus giving us tighter spreads.  This gives Capricorn the ability to pass cost savings through better executions, on to our clients.

 LIQUIDITY PROVIDERS                                              

In order to safeguard that we are provided with enough liquidity in the currency markets, Capricorn has established relationships with several liquidity providers.  This has provided the Capricorn FX products with tighter spreads and better pricing. As a currency manager trading only high liquid currencies on a short-term basis, we must work with more than one provider. Capricorn has liquidity from the top 5 foreign exchange liquidity providers.

 CLIENT DEPOSITS                                                      

Under our Prime Brokerage agreement clients interested in a Managed Account are no longer required to establish a new brokerage account.  This flexibility allows clients to easily participate in a Capricorn currency product.  Alternatively, Capricorn has established an SPC Offshore Fund for both of our currency strategies, made available to non-US citizens only.