New’n’Closed – 2020 October


As part of a regular exercise, we scan the NFA register for new and closed managers. This report will be developed over time and will be a recurring feature. We would like to highlight that some of the closures and registrations are due to corporate (re)structuring and does not necessarily indicate that the manager has shut down their trading program.

The number of managers registered with the NFA declined by 6, which is in less than in the prior months. The number of managers continued to decrease at approximately the average speed since we started to track the business climate for Managed Futures.


The trend is now pretty consistent, in a regular month, some 21 entities withdraw their NFA status. On average, we have 23.3 new entities looking to do business. We also have 44.3 entities that decide to withdraw their registration.


October, featured a decrease in the number of managers seeking or doing business under the CTA registration. We observed a decrease in the number of active CTAs, in line with earlier estimates, with a net loss of 6 managers. We observed 28 new managers and 34 managers closed throughout October.

In total, we have 2581 managers either as registered managers or pending registration with the NFA. We have 2089 managers as properly under the NFA’s control. Most of the new managers are “Pending” registration with the NFA. In terms of CTAs, our count is 1403, and for CPOs it is 1278.
One of the key components of our methodology is having a clear view of the industry. We believe this is particularly important in this environment, given the fact that asset raising is more difficult and assets gravitate towards the larger managers.

We observed new managers in the following countries:
Australia [1], Canada [1], Hong Kong [1], United Kingdom [1], United States [24]

The following managers applied for registration in October:
Mckeany Flavell Company Inc, United States, California, NFA ID 87309 [2020-10-11]
Gaddis, David A, United States, Kansas, NFA ID 140026 [2020-10-09]
Shabazz, Muhammad Hamidullah, United States, Arizona, NFA ID 208450 [2020-10-06]
Montrose Advisors Incorporated, United States, New York, NFA ID 248865 [2020-10-17]
Ergoteles Llc, United States, New York, NFA ID 463073 [2020-10-29]
Carl F Petersen Inc, United States, Arizona, NFA ID 515890 [2020-10-04]
Abseil Capital Management Llc, United States, Georgia, NFA ID 531635 [2020-10-03]
Rhino Investment Advisory Services Ltd, United States, Colorado, NFA ID 533292 [2020-10-18]
Likely Capital Management Llc, United States, California, NFA ID 533294 [2020-10-01]
Gagnon, Jacob, Canada, , NFA ID 533307 [2020-10-24]
Mount Lucas Index Advisers Llc, United States, Pennsylvania, NFA ID 533494 [2020-10-02]
Goose Hollow Capital Management Llc, United States, New Jersey, NFA ID 533567 [2020-10-07]
Dfx Global Pty Ltd, Australia, Vic, NFA ID 533628 [2020-10-10]
Harbor Macro Strategies Llc, United States, District Of Columbia, NFA ID 533647 [2020-10-10]
Alpine Trading Llc, United States, Wyoming, NFA ID 533656 [2020-10-09]
Stratagem Investment Solutions Inc, United States, Michigan, NFA ID 533756 [2020-10-11]
Harmoney Capital Llc, United States, California, NFA ID 533765 [2020-10-14]
Infini Capital Management Us Llc, Hong Kong, , NFA ID 533796 [2020-10-17]
Sub Four Capital Management Llc, United States, California, NFA ID 533831 [2020-10-15]
Ial Group Limited, United Kingdom, , NFA ID 533834 [2020-10-15]
Eagle Eye Advisors Llc, United States, New York, NFA ID 533835 [2020-10-24]
Moddco Capital Associates Llc, United States, New Jersey, NFA ID 533845 [2020-10-18]
Trutracker Llc, United States, Texas, NFA ID 533846 [2020-10-16]
Certeza Fund Advisors Llc, United States, Utah, NFA ID 533952 [2020-10-21]
Yas Castellum Llc, United States, Colorado, NFA ID 534060 [2020-10-27]
Sweet Futures Managed Llc, United States, Illinois, NFA ID 534065 [2020-10-29]
Unity Energy Partners Llc, United States, Georgia, NFA ID 534121 [2020-10-30]
Empirex Capital Llc, United States, Florida, NFA ID 534122 [2020-10-28]

We observed closed managers in the following countries:
Canada[1], Estonia[1], France[1], Greece[1], Hong Kong[1], Israel[1], Malta[1], Netherlands[1], Spain[1], United Kingdom[2], United States[22], Vanuatu[1]

The following managers withdraw their registration October:
Informa Business Intelligence Inc, United States, Tennessee, NFA ID 90176 [2019-10-29]
Sandridge Capital lp, United States, Texas, NFA ID 321928 [2019-10-29]
Alphagen Capital Limited, United Kingdom, , NFA ID 364034 [2019-10-29]
Strada, Michael, United States, New York, NFA ID 375862 [2019-10-29]
Artivest Advisors Llc, United States, New York, NFA ID 443818 [2019-10-29]
Hunter Lawrence Llc, United States, New York, NFA ID 445015 [2019-10-29]
Impetus Asset Management Llc, United States, New Jersey, NFA ID 450607 [2019-10-29]
Park Hill Group Llc, United States, New York, NFA ID 456398 [2019-10-29]
Wyth Financial Llc, United States, Florida, NFA ID 466837 [2019-10-29]
Golden Spiral Capital Management Llc, United States, New York, NFA ID 469801 [2019-10-29]
Martin Fund Capital Partners Llc, United States, New York, NFA ID 477574 [2019-10-29]
Mirabella Malta Limited, Malta, , NFA ID 478493 [2019-10-29]
Independent View bv, Netherlands, , NFA ID 482494 [2019-10-29]
Synergie Capital Management Llc, United States, Colorado, NFA ID 484086 [2019-10-29]
Moloch Capital Llc, United States, New York, NFA ID 495561 [2019-10-29]
Smv Capital Llc, Israel, , NFA ID 499456 [2019-10-29]
Pysede Trading Llc, United States, Minnesota, NFA ID 506933 [2019-10-29]
Lemaitre Capital Management Inc, Canada, Ontario, NFA ID 509060 [2019-10-29]
Doubleblue Capital Management lp, United States, New York, NFA ID 509111 [2019-10-29]
Aenaon Markets Ltd, Greece, , NFA ID 514438 [2020-07-09]
Park, Sandra, United States, California, NFA ID 514699 [2019-10-29]
Forex Asset Management Llc, United States, New York, NFA ID 515102 [2019-10-29]
Martlet Asset Management Llc, United States, California, NFA ID 517134 [2019-10-29]
Ai Square Connect, France, , NFA ID 522049 [2019-10-29]
Jw Capital Llc, United States, California, NFA ID 522216 [2019-10-29]
Sreem Capital Llc, Estonia, , NFA ID 522908 [2019-10-29]
Palm Valley Investment Management Llc, United States, Florida, NFA ID 522979 [2019-10-29]
Laurion Am Sarl, Spain, , NFA ID 523057 [2019-10-29]
Plinth Capital lp, United States, New York, NFA ID 524470 [2019-10-29]
Alloyed Enterprises Inc, United States, Colorado, NFA ID 527471 [2020-07-14]
Wiseman Capital Limited, United Kingdom, , NFA ID 531831 [2020-07-13]
We One Limited, Vanuatu, , NFA ID 531950 [2020-07-15]
Value Ai Limited, Hong Kong, , NFA ID 532017 [2020-07-22]
Ridge Corporation Llc, United States, Colorado, NFA ID 532280 [2020-08-02]

Additional, continuously updated data can be found here: https://nilssonhedge.com/reports/tracking-the-cta-industry/

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