Fee & Terms

 BCP Capital operates under a transparent technology licensing model. Fees are charged for access to and use of licensed algorithmic trading systems and are aligned with client outcomes through a performance-based participation structure. 

Clients pay an annual technology licensing fee for access to BCP Capital’s algorithmic trading systems. This fee covers:

• Access to licensed algorithms
   
• System documentation and configuration guidance
   
• Ongoing software maintenance and updates where applicable
   
• Technical support related to the licensed technology
   

The technology fee is assessed regardless of trading activity and reflects the cost of developing and maintaining institutional-grade systems. Licensing Fee is payable quarterly.

 In addition to the technology fee, BCP Capital applies a performance-based participation fee calculated on positive results generated by the licensed algorithms within the client’s account.

Key features include:

• Applied only when performance is positive
   
• Calculated net of losses, subject to a high-water mark
   
• No participation fee is charged until prior losses are recovered
   

This structure aligns incentives while preserving transparency and client control.

Fees are calculated using data derived from the client’s own brokerage account records or agreed-upon reporting methods. Clients retain access to all underlying trade and account data used in fee calculations.

BCP Capital does not control client accounts, execute discretionary trades, or adjust positions for the purpose of fee calculation.

✔ Licensed algorithmic trading systems
✔ Technology maintenance and updates
✔ Documentation and configuration support
✔ Performance-based alignment mechanism

✖ Brokerage commissions or exchange fees
✖ Market data subscriptions
✖ Taxes or regulatory obligations
✖ Discretionary portfolio management
✖ Investment advice

Licensing terms, renewal periods, suspension rights, and termination provisions are governed by the technology licensing agreement.

Clients may suspend or discontinue use of licensed systems in accordance with the agreement. No penalties are applied beyond contractual obligations already accrued.

Is this a management fee?
No. Fees relate to licensing and use of algorithmic trading technology, not portfolio management or advisory services.

Are fees charged if the algorithm is inactive?
The technology licensing fee applies per the agreement. Performance-based fees apply only if positive results are generated.

Who calculates the fees?
Fees are calculated using brokerage account data or agreed reporting methods. Clients retain visibility into all calculations.

Can fees change over time?
Fee structures are defined in the licensing agreement and may vary by system or client arrangement.

 This page describes a technology licensing and fee structure. It does not constitute investment advice or an offer to invest. Fees relate solely to access and use of licensed algorithmic systems. BCP Capital does not manage client capital, provide discretionary trading, or act as an investment advisor. Trading involves risk, including the potential loss of capital.