Former Schonfeld Trader Launches Intra-Day Trading Program

Jan 2 2007 | 10:56am ET

Caldwell, N.J-based CMK Trading recently launched the Managed Account program, which is a short-term intra-day discretionary program. The program ended November up 0.09% in its first three months of trading.

The program trades the E-Mini S&P 500 and U.S. 10-year Treasury note futures during liquid market periods, and does not take overnight positions. It charges fees of 0/25 with a $500,000 minimum investment requirement.

Colin Kudela, a former trader with Schonfeld Securities, is the firm’s portfolio manager. The program was managing some $2.75 million as of the end of November.

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