1st Crypto Asset Manager piloting trading bots

Trading forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail and professional clients. Due to the certain restrictions imposed by the local law and regulation, German resident retail client(s) could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds. Be aware and fully understand all risks associated with the market and trading. Prior to trading any products, carefully consider your financial situation and experience level. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The above speaker is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. FXCM is an independent legal entity and is not affiliated with NapoleonX. FXCM does not endorse any product or service of the NapoleonX. Nothing associated with this presentation shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws or regulations of such jurisdiction.

Napoleon: one stone, three birds … Napoleon Capital Open source quant strategies factory NaPoleonX project 1st crypto asset manager Napoleon Index 1st blockchain index publisher

3 2 1 Keeping our options open … Generate sustainable performance Step one 2 Design & build necessary tools to support it Step two 3 Monetization Step three

Napoleon Capital WHAT? CUSTOMERS? WHY? HOW? Design and management of systematic trading strategies Open source model Performance based remuneration 2 existing advisory mandates for 55m EUR Target investors: family offices, wealth management and institutional investors Quantitative trading is one of the few growing markets in asset management Become a leading brand in quantitative trading 1st stage: constitute a strong shareholders’ team Develop an ecosystem to attract external trading talents

NapoleonX project 1st crypto asset manager WHAT? CUSTOMERS? WHY? HOW? 1st crypto asset manager Design and management of trading bots Project lead by experienced team French based project 1st stage: crypto holders, family offices and wealth management clients 2nd stage: large financial institutions Create the new Blackrock in crypto Design crypto products that will offer a yield in crypto 1st stage: set up the asset management company (NapoleonX project) 2nd stage: launch of a series of investment vehicles (DAFs)

Why quantitative finance? To remove human emotions …

Why quantitative finance? … and take into account weak signals and influential parameters

Napoleon Capital “Factory” Our unique concept? Napoleon Capital “Factory” Trading boxes Equity index: S&P 500 Eurostoxx 50 FTSE 100 FTSE EPRA HSI SMI Nikkei 225 FICC: Tbond Bund OAT BTP FX: EUR USD GBP JPY Commo: Gold GSCI Traditional investment universe Transformed investment universe

What is quantitative finance ? Finance theory Market observations Behavioural finance Define a rule book Features selection Backtesting of strategy Training / test data sets

Trend following vs mean reversal ? Trend following strategies are based on auto correlation of data series Mean reversal strategies are based on volatility of data series There is not one single way to make money in markets

Our approach at Napoleon Capital Markets are not random and display regular patterns Markets are fundamentally unstable There is a need for auto-adaptative measures to define trading systems

What data should you use ? Price data Derived financial data (Moving average, oscillators, implicit volatility …) Economic indicators Sentiment data Cross market data

What are the main characteristics of a good trading system ? Data quality Raw trading signals Filtering system Money management

How to judge a good trading system ? Stability of returns regardless of market conditions Risk / reward measures Max drawdown Complementarities with other trading systems (portfolio approach)

Trading forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail and professional clients. Due to the certain restrictions imposed by the local law and regulation, German resident retail client(s) could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds. Be aware and fully understand all risks associated with the market and trading. Prior to trading any products, carefully consider your financial situation and experience level. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The above speaker is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. FXCM is an independent legal entity and is not affiliated with NapoleonX. FXCM does not endorse any product or service of the NapoleonX. Nothing associated with this presentation shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws or regulations of such jurisdiction.

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