Instruments

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS¹

ID	Code	Name	Unit
AD	CME:AD	AUSTRALIAN DOLLAR	100,000 AUD
BP	CME:BP	BRITISH POUND	62,500 GBP
CD	CME:C1	CANADIAN DOLLAR	100,000 CAD
EC	CME:EC	EURO	125,000 EUR
DX	NYB:DX	US DOLLAR INDEX	1,000 x IDX
JY	CME:J1	JAPANESE YEN	12,500,000 JPY
SF	CME:E1	SWISS FRANC	125,000 CHF
C	CBT:C	CORN	5,000 BUS
S	CBT:S	SOYBEAN	5,000 BUS
SM	CBT:06	SOYBEAN MEAL	100 TON
BO	CBT:07	SOYBEAN OIL	60,000 LBS
W	CBT:W	WHEAT	5,000 BUS
KW	KCB:KW	KC WHEAT	5,000 BUS
MW	MGE:MW	WHEAT-HD RED SP	5,000 BUS
CC	NYB:CC	COCOA	10 TON
CT	NYB:CT	COTTON	50,000 LBS
KC	NYB:KC	COFFEE "C"	37,500 LBS
SB	NYB:SB	SUGAR #11 WORLD	112,000 LBS
CL	NYM:CL	LIGHT, SWEET CRUDE OIL	1,000 BAR
HO	NYM:HO	HEATING OIL	42,000 GAL
HU	NYM:HU	NEWYORK HARBOR GASOLINE	42,000 GAL
NG	NYM:NG	NATURAL GAS	10,000 BTU
DJ	CBT:YM	MINI DOW JONES INDEX	5 x IDX
ZM	CBT:YM	MINI DOW JONES INDEX	5 x IDX
MD	CME:ME	EMINI MIDCAP	100 x IDX
MZ	CME:ME	EMINI MIDCAP	100 x IDX
NQ	CME:NQ	E-MINI NASDAQ 100	20 x IDX
NN	CME:NQ	E-MINI NASDAQ 100	20 x IDX
SP	CME:ES	E-MINI S&P 500	50 x IDX
ES	CME:ES	E-MINI S&P 500	50 x IDX
RL	CME:ER	EMINI RUSSELL	100 x IDX
EZ	CME:ER	EMINI RUSSELL	100 x IDX
GC	CMX:GC	GOLD	100 OZS
HG	CMX:HG	COPPER-HI GRADE	25,000 LBS
SI	CMX:SI	SILVER	5,000 OZS
FC	CME:62	FEEDER CATTLE	50,000 LBS
LC	CME:48	LIVE CATTLE	40,000 LBS
LH	CME:LN	LEAN HOG	40,000 LBS
ED	CME:ED	EURODOLLAR	1,000,000 USD
TY	CBT:21	10Y TREASURY NOTE	100,000 USD
US	CBT:17	30 YR U.S. TREASURY BOND	100,000 USD

¹HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT , THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCES RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELEY AFFECT ACTUAL TRADING RESULTS.