Commodity Futures Trading Brokers, Discount Online Futures Broker, and Futures Option Trading by Insignia Futures and Options

Why You Should Be Investing In Managed Futures . . .

The term "Managed Futures" defines an industry that is made up of professional money managers known as Commodity Trading Advisors (CTA) that trade client funds on a discretionary basis using a variety of alternative investment strategies. This is very similar to investing in a equities mutual fund. There are, however, a couple major differences. The first has to do with the fact that Commodity Trading Advisors strictly trade in the commodity futures markets. The other difference is that the CTA can use a wide range of trading strategies that are not available in traditional mutual funds.

Many studies have shown a diversified investment portfolio, which includes managed futures, will perform better than a portfolio made up exclusively of stocks and/or bonds.

According to the Chicago Mercantile Exchange, the amount of money invested in managed futures has grown from just over $310 million in 1980 to over $200 billion in 2008. One major reason for this tremendous growth has to do with the recent flurry of academic research reports that have accentuated the following benefits of this new investment vehicle...

Managed Futures has the potential to enhance returns of your investment portfolio
Managed Futures has the potential to reduce the overall risk of your investment portfolio
Managed Futures has the ability to profit from any type of economic market environment – good or bad
Managed Futures provides for the ease of global diversification

By diversifying your investments with managed futures, you may reduce your overall portfolio risk while enhancing your overall portfolio returns, in any given economic environment.

The Epoch3 Managed Futures Trading Program . . .

The Epoch3 Managed Futures Fund was developed from a culmination of the fund managers trade results, technical analysis, market research and fundamental/seasonal information starting in March of 2005. By September 2005, testing began for the Epoch3 program. After 2 1/2 years of testing, the fund was made ready for public investor participation.

The fund will strive to profit in the foreign currencies, equities, grains, financial's and foods softs markets through futures contract and futures option contract positions. Additional strategies will be utilized to control risk and/or with the intention of optimizing capital exposure in the markets. At this time, only those markets listed and traded on U.S. futures exchanges will be traded.

Name of CTA:
Insignia Futures & Options, Inc.

Name of Trading Program:
EPOCH3

Program Trading Inception Date:
September 6, 2005

* Worst Monthly Drawdown:
None

** Worst Peak-to-Valley Drawdown:
None

Rate of Return
Month	2008	2007	2006	2005
January	0.61%	3.52%	6.46%	- - -
February	1.78%	3.32%	3.77%	- - -
March	2.33%	5.09%	5.27%	- - -
April	0.86%	1.69%	3.60%	- - -
May	1.24%	2.71%	4.03%	- - -
June	- - -	2.57%	4.88%	- - -
July	- - -	3.76%	4.14%	- - -
August	- - -	2.49%	2.09%	- - -
September	- - -	3.49%	4.73%
October	- - -	5.24%	4.65%	6.10%
November	- - -	1.29%	2.79%	6.68%
December	- - -	2.36%	2.71%	5.91%
Year	7.00%	44.60%	61.71%	22.12%

Program Notes:
The above hypothetical trading results are comprised as follows…

Commissions were calculated at a total rate of $40.00 per round turn contract.
There were no additions or withdrawals in the performance results.
A management fee of 3.0% per annum and an incentive fee of 20% are calculated into the performance results as
outlined in the Fees of the Advisor section of this document.
Entry and exit prices were determined using historical price data utilizing proprietary program entry and exit signals.
The average monthly hypothetical rate of return was 5.43%
The cumulative hypothetical rate of return for the above period was 198.12%.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF
HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

INSIGNIA FUTURES & OPTIONS, INC. HAS HAD LITTLE OR NO EXPERIENCE IN TRADING ACTUAL ACCOUNTS FOR ITSELF OR FOR CUSTOMERS. BECAUSE THERE ARE NO ACTUAL TRADING RESULTS TO COMPARE TO THE HYPOTHETICAL PERFORMANCE RESULTS, CUSTOMERS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON THESE HYPOTHETICAL PERFORMANCE RESULTS.

3 Steps to Opening an Account . . .

The fund is opened to qualified investors and requires a minimum initial investment of $10,000.00. As per NFA (National Futures Assoc.) regulations, all investors must read and acknowledge the funds Disclosure Document which contains full details of the fund including an outline of the risks involved in this type of investment.

Download and review the Epoch3 Managed Futures Fund Disclosure Document by Clicking Here
Please note, the Disclosure Document is in Adobe's PDF format and requires a PDF reader installed on your computer. If you do not have Adobe Acrobat Reader, please Download Adobe Acrobat Reader Free
Complete the necessary account forms contained in the fund's Disclosure Document to open an account.
Complete the new account application forms to open a commodity futures trading account by Clicking Here . Both the fund's Disclosure Document account forms and the commodity futures trading account forms are to be sent to the commodity futures broker, along with your initial investment, for processing.

Once your Disclosure Document account forms and new commodity futures trading account forms have been received and processed, you will be contacted with your personal account information.

Additionally, you may request to have our complete
Managed Futures Account forms emailed to you.
Please Click Here to access our Information Request Form.

If you have any questions or concerns, please feel free to contact our
offices by phone toll free at 1-866-892-2030.

RISK DISCLOSURE:
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THERE IS SIGNIFICANT RISK OF LOSS WHEN TRADING FUTURES AND OPTIONS. ALWAYS REVIEW A DISCLOSURE DOCUMENT BEFORE INVESTING IN ANY MANAGED FUTURES PROGRAM.