Lemma Capital runs a systematic, fully-automated managed-futures program trading highly liquid U.S. index futures (e-mini / e-micro) via regulated futures commission merchants (FCMs). See our Program and Performance pages for context.

We operate via separately managed futures accounts at an FCM (Ninjatrader) with Lemma granted limited power of attorney (POA) to trade. In a managed account, you keep custody at the FCM; the CTA cannot take possession of client funds.