Mr. ***** started in the commodity business in April 1992 by trading his own accounts. In March 1995 he started studying the Easy Language programming language for Trade Station and began applying his knowledge to trading. He developed many successful trading systems, however he started to increase his interest in options. In May 2002 he became co-owner of ***** Research, a company established for conducting research in option trading, as well as for providing managed accounts services for non-US customers. In May 2004 ***** Research launched the3D Vision Option Program and started using option trading concepts, developed by Mr. ***** , for managing accounts. As 3D Vision’s strategy proved to be successful in various market conditions, in March 2005 ***** Research ***** was registered under the laws of New Jersey to continue research in option trading, as well as for offering portfolio management services in the United States. As a result of this process, Mr. ***** became registered with the CFTC as an Associated Person and Principal of ***** Research ***** on August 16, 2005. ***** Research ***** became registered with the CFTC as Commodity Trading Advisor as of August 16, 2005 and became a member of NFA on October 12, 2005. Mr. ***** is the developer of the DAV (Daily Average Value) and UNIS ODI (Option Deviation Index) market indicators. UNIS Option Deviation Index was published in the March 2005 edition of "Futures" magazine and is being used to determine stock market sentiment by analyzing the ratio of deviations from the stock market index. Mr. ***** has given lectures on options and trading at many different conferences. He was a regular guest commentator for Radio WNVR Chicago. His articles on options and trading have been published in many popular and professional magazines.