TRADING SIGNALS, determines market momentum and market appetite for risk: Trident Capital’s trading signals are binary. They determine market momentum and the overall markets’ appetite for risk. If risk is “on” signals will result in equity and commodity exposures. When risk is “off”: signals will result in short dated Treasury and long dollar exposures. Trident measures momentum over proprietary time frames with each time frame receiving the same risk budget. Every market has the same parameters, which avoids overfitting. In addition, Trident determines financial liquidity in the global economy. When the global marketplace is awash in cash and therefore liquidity, Trident will seek to buy “risk assets” such as stock indices, commodities and long dated sovereign bonds. When the system is starved for liquidity, Trident will seek to sell stock indices, sell commodities, buy precious metals and buy short-dated sovereign bonds.