Capital Trading Group

CTA Profile - Delta Capital,, LLC
Program - Delta FX Blue (P)
Principal(s): Jantz Hoffman, Zoran Cetusic & John Burnside
Trading Strategy: Systematic / Currency Pairs

Trading Description:
Delta FX Blue is an automated trading system that trades across 6 pairs, the EUR/USD, GBP/USD, AUD /USD, USD/CHF, USD/JPY and the USD/CAD. The strategies that make up Delta FX Blue are designed to only take positions when optimal market condition are present and therefore Delta FX Blue is often market neutral. When the algorithms that comprise Delta FX Blue signal a market entry the position is generally held for multiple days. All entries have corresponding targets, stops and trailing stops that are used to managed risk and secure profits. Delta Capital LLC utilizes licensed software technology from FOREX TRADING SYSTEMS, INC, the sub-advisor to the offering, in conjunction with Delta’s own proprietary technology when signaling and placing orders for this program.

As compensation for the licensing of the software from FOREX TRADING SYSTEMS, INC, Delta Capital has agreed to share both the management and performance fees charged by Delta Capital LLC with FOREX TRADING SYSTEMS, INC. Delta FX Blue has been traded live in a proprietary account since Feb. of 2009. The performance reports indicated for Delta FX Blue are the actual trades placed in the proprietary account adjusted to accurately illustrate the actual offering to clients by Delta Capital LLC. The adjustments made were the inclusion of a 2% management fee, a twenty percent incentive fee charged monthly. The program is being offered using an approximately one and half times higher average leverage than 5-1 used in trading the proprietary account.

Trading Approach

Systematic - 90.00%
Discretionary - 10.00%
Trading Methodology
Medium Term
Markets Traded
Non Diversified Interbank Forex
Sector
Global Markets
Contracts Traded
Futures Forex

Annual Performance Since 2003

2003	0.00%
2004	0.00%
2005	0.00%
2006	0.00%
2007	0.00%
2008	0.00%
2009	20.64%

Recent Performance

Currency Denomination - US Dollars

2010	Monthly Return	YTD Return	Assets Under Mgt
08/31/10	-0.16%	-1.25%	16,336
07/31/10	-0.70%	-1.09%	26,439
06/30/10	1.42%	-0.39%	26,585
05/31/10	-0.23%	-1.78%	26,000
04/30/10	1.38%	-1.56%	20,260
03/31/10	-3.39%	-2.90%	32,000
02/28/10	1.34%	0.51%	30,000
01/31/10	-0.82%	-0.82%	30,000
2009	Monthly Return	YTD Return	Assets Under Mgt
12/31/09	-0.94%	20.64%	30,300
11/30/09	-0.03%	21.79%	30,500
10/31/09	-1.48%	21.82%	30,600
09/30/09	3.29%	23.65%	31,000

Accounting Notes: This capsule provides the results of Delta FX Blue’s actual returns traded in a proprietary account, adjusted to reflect fees that would be charged to a client account - a 2% and a 20% incentive fee charged on monthly basis. The program is being offered at approximately one and half times the average leverage of 5-1 used in proprietary account trading. The proprietary account is traded with a commission rate of $150 per million.

VAMI Chart (Based on a $1,000 Initial Value)

Monthly Percentage Returns Chart

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

Investment Details

Disclosure Document Date	04/01/10
Starting Date of Program	02/01/09
Accepting New Money?	Yes
Average Annual Rate of Return	12.25%
Peak to Valley Drawdown	-5.26 %
Average Margin as % of Equity	20.00%
Round Turns per Million	3,500
Minimum Sized Account	50,000
Currency Denomination	US Dollars
Management Fee	2.00%
Incentive Fee	20.00%
Notional Funding?	No
Member of NFA	Yes
Other Memberships	None

Statistical Definitions
(1) From January 1990 or Starting Date of Program - The Annual Average Rate of Return represents the compounded rate of return for each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period. This includes all monthly data from the inception of the program or from January 1990, whichever is less.
(2) From January 1990 or Starting Date of Program - The Worst Peak-to-Valley Drawdown is defined as the greatest cumulative percentage decline in net asset value due to losses sustained by the trading program during any period in which the initial net asset value is not equaled or exceeded by a subsequent asset value. "Monthly" indicates that the Worst-Peak-to-Valley Drawdown" is based on monthly Data.

This capsule provides the results of Delta FX Blue’s actual returns traded in a proprietary account, adjusted to reflect fees that would be charged to a client account - a 2% and a 20% incentive fee charged on monthly basis. The program is being offered at approximately one and half times the average leverage of 5-1 used in proprietary account trading. The proprietary account is traded with a commission rate of $150 per million.

Risk Disclosure
THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES, OPTIONS AND FOREX IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON. THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

THE ABOVE PERFORMANCE NUMBERS HAVE BEEN SUPPLIED BY THE CTAS. CAPTIAL TRADING GROUP LP NO WAY GUARANTEES THE ACCURACY OF THESE NUMBERS AND HAS SUPPLIED THEM TO YOU FOR INFORMATIONAL PURPOSES ONLY. THIS DOES NOT CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL. NO INVESTMENT SHOULD BE MADE WITHOUT FULLY REVIEWING THE ASSOCIATED RISK FACTORS, FEES AND CONFLICTS OF INTEREST AS OUTLINED IN EACH CTA'S RISK DISCLOSURE DOCUMENT. THERE MAY BE CTAS WHO HAVE CHOSEN NOT TO PARTICIPATE THAT MAY HAVE BETTER OR WORSE PERFORMANCE THAN THOSE CTAS IN OUR DATABASE.

PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTIONS CONTRACTS. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS. FUTURES TRADING IS NOT SUITABLE FOR ALL INVESTORS