www.dukascopy.com
Welcome to Dukascopy Bank
Swing professionally in the FX Market
Table of Contents
Dukascopy Bank...............................06 External Money Manager FX Solution...07 PAMM Features.................................08 External Money Manager Advantages...09 Trade Allocation...............................10 External Money Manager Report..........11 Performance Monitoring....................12 Investment Protection Solution..........13
Dukascopy Bank
D
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
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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 increased 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.
External Money Manager FX Solution
D
ukascopy Bank offers the most complete management tools in the FX market to enable the best trading possibilities for
External Money Managers. 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). 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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PAMM Features
D
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 accounts)
Professional reporting for clients and traders
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 Opportunity to trade funds deposited with different institutions (like our custodian bank partners, including Dukascopy Bank)
Individual Stop-Loss Level on equity for each account
This flexible system provides the External Money Manager 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. 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.
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External Money Manager Advantages
D
ukascopy Bank has created an advanced system to enable External Money Manager to trade FX in the best conditions. In
addition to common solutions, we offer:
Possibility to add and/or remove funds and accounts without
Choice of base currency for the trader’s platform
interrupting trading activity Performance fee calculation Ability to manage through one trading platform an unlimited quantity of multi-currency accounts
Interactive functionality to accept/decline new managed accounts
Capacity of Stop-Loss Level reached on an individual account
Immediate and automated trade allocation between the concerned
not to affect the other accounts under the PAMM
accounts
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Trade Allocation
D
epending on the deposit size, each managed account has its
PAMM Technology
own ratio in the PAMM. The total of all ratios under one
Allocation Ratio
Position Allocation
Investors Portfolios
20%
EUR/USD 2 000 000 LONG
$100 000
50%
EUR/USD 5 000 000 LONG
$250 000
30%
EUR/USD 3 000 000 LONG
$150 000
PAMM account is always equal to 100%. The trader's activity results (trades, Profit & Loss) are allocated between the managed Buy 10 MIO EUR/USD
accounts related to the PAMM according to the allocation ratio.
For example, we have 3 accounts under trader’s management: 1. USD account with deposit of $ 100 000 and resulting ratio 20%;
Money Manager
2. EUR account with deposit of $ 250 000 and resulting ratio 50%; 3. GBP account with deposit of $ 150 000 and resulting ratio 30%.
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 an External Money Manager decides to BUY 10 mio EUR/USD, PAMM allocates the order between the managed accounts according to the ratios. Each managed account has its own portion of the position and corresponding Profit & Loss. In the current example: 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
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Resulting Profit & Loss will be automatically calculated for each account depending on market prices.
External Money Manager Report
T
he External Money Manager has a clear view on each of his clients' accounts, including their Stop-Loss Level. He also has the power to activate, reactivate or decline any single client within the PAMM.
Last login: Loggoff [change password]
Reports
Reports Portfolio Statement Intraday Statement Position Reports Client Accounts
Get CSV URL
Client accounts
Name: Account ID: Date: Time:
Reload
Money Manager 188403 28.10.2010 15:44:36
Waiting Accounts
Client ID
Name
Balance
Currency
Description
Stop Loss Level
Currency
Action
Commissions Client Action Log
192446
Money Manager Client 1
100 000.00
EUR
Account to be activated
50 000.00
EUR
Activate
Decline
Trade Log Activity Log
Active Accounts
Client ID
Name
Balance
Currency
Description
Stop Loss Level
Currency
Action
USD
Deactivate
Currency
Action
Show in current window Open a new window
192444
Money Manager Client 2
100 000.00
USD
Active account Ratio: 100.00%
50 000.00
Inactive Accounts
Client ID 192445
Name Money Manager Client 3
Balance 500 000.00
Currency USD
Description Inactive account. Waiting for client accept
Stop Loss Level 100.00
USD
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Performance Monitoring
D
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.
Last login: Loggoff [change password]
Summary Reports Get CSV URL
Summary My Status
Reload
Action Log
Account Settings Status: Status action: Stop Loss Level:
Deactivate 50 000.00 USD
Stop Loss level action: Last change:
Description
Active
USD
Submit
Overview
• 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.
Current Balance:
• 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 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.
Current Day P/L:
Current Equity:
Status: Active
0.00 99 964.50 -35.50 100 000.00
Debit/Credit: Currency:
USD
Daily Activity Status
Instrument
Amount
Direction
Open Date
Current Date
11644067
ID
OPENED
USD/JPY
50 000.00
LONG
80.9290
80.9150
-700.00 JPY
28-10-2010 15:44:50
28-10-2010 15:45:37
11644066
OPENED
USD/JPY
50 000.00
LONG
80.9290
80.9150
-700.00 JPY
28-10-2010 15:44:50
28-10-2010 15:45:37
11644073
OPENED
USD/JPY
50 000.00
LONG
80.9350
80.9150
-10 000.00 JPY
28-10-2010 15:44:55
28-10-2010 15:45:37
Status
Instrument
Amount
Direction
Open Date
Close Date
CLOSED
USD/CHF
-50 000.00
SHORT
28-10-2010 15:44:53
28-10-2010 15:45:00
ID
12
11644071
Open Price
Open Price 0.983120
Current Price
Close Price 0.983090
P&L
P&L 1.50 CHF
Investment Protection Solution
C
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.
Last login: Loggoff [change password]
Summary Reports Get CSV URL
Summary My Status
Reload
Action Log
Account Settings Status: Status action:
Stop Loss Level: Stop Loss level action: Last change:
Description • The account is waiting for Manager's acceptance. Once accepted, trading will be enabled. To interrupt the process please press 'Revoke'.
Waiting Manager’s acceptance Revoke 50 000.00 USD USD
Submit
Stop Loss Level: 50 000.00 USD
• 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 1.28 100 000.00 USD
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Tool G me External Money Manager FX Solution
for successful people
Dukascopy Bank SA Route de PrĂŠ-Bois 20, ICC 1215 Geneva 15, Switzerland Tel: +41 (0) 22 799 4888 Fax: +41 (0) 22 799 4880 e-mail: info@dukascopy.com
www.dukascopy.com 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.