New’n’Closed December 2020


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. Notable closures include Tiverton Trading, Futures Truth,Bellwether Capital Management, and Alder Capital

The number of managers registered with the NFA declined by 24, which is in line with 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 20 entities withdraw their NFA status. On average, we have 23.0 new entities looking to do business. We also have 43.4 entities that decide to withdraw their registration.

November, 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 24 managers. We observed 23 new managers and 47 managers closed throughout November.

In total, we have 2548 managers either as registered managers or pending registration with the NFA. We have 2066 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 1391, and for CPOs it is 1260.

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 do not believe that any of the new managers would have any responsibility for the current market conditions, so we are only looking at these numbers and look at the various options that would be available under different conditions. In terms of CTAs, we did not expect to see a reduction in the number of managers (and that is because we have not had a significant effect on our own portfolio) over the next four years. In addition, we did not expect any increase in the number of managers (and that is because we have not had a significant effect on our own portfolio) over the next four years. In other words, we expect to see a reduction in the number of managers (and that is because we have not had a significant effect on our own portfolio) over the next four years.

We observed new managers in the following countries: 

Australia [1], Hong Kong [1], Japan [1], Singapore [1], United States [19]

The following managers applied for registration in November:

Hill, John Robert jr, United States, South Carolina, NFA ID 50048 [2020-12-13]
Terada, Kazuhiro, Japan, , NFA ID 339027 [2020-12-10]
De Shaw Terrella Fund Gp Llc, United States, New York, NFA ID 436051 [2020-12-19]
Sentry Hedge Llc, United States, Virginia, NFA ID 518937 [2020-12-05]
Korgo Llc, United States, California, NFA ID 531207 [2020-12-02]
Ozsan Gregori And Company Llc, United States, Florida, NFA ID 533216 [2020-12-13]
Western Futures Llc, United States, Kansas, NFA ID 534808 [2020-12-06]
Metanoeo Capital Llc, United States, Colorado, NFA ID 534878 [2020-12-13]
Myriad Asset Management Us lp, United States, Colorado, NFA ID 534962 [2020-12-16]
Sarvatra Investments Pte Ltd, Singapore, NFA ID 535046 [2020-12-05]
Prudent Futures Inc, United States, Wyoming, NFA ID 535079 [2020-12-16]
Deep Grey Markets Management Llc, United States, Connecticut, NFA ID 535122 [2020-12-04]
Clear Sky Enhanced Inflation Carbon Fund lp, United States, Texas, NFA ID 535157 [2020-12-10]
Capstone Investment Advisors Aus Pty Ltd, Australia, NFA ID 535313 [2020-12-12]
Southern Ridges Capital Usa Llc, United States, New York, NFA ID 535328 [2020-12-19]
Derivative Path Hedging Solutions Inc, United States, California, NFA ID 535341 [2020-12-13]
Global Forex Financial Llc, United States, Washington, NFA ID 535365 [2020-12-29]
Hedgehog Trading Llc, United States, Illinois, NFA ID 535412 [2020-12-19]
One River Digital Asset Management Llc, United States, Connecticut, NFA ID 535413 [2020-12-18]
Golden Horn Capital Ltd, United States, Illinois, NFA ID 535427 [2020-12-19]
W Wealth Limited, Hong Kong, , NFA ID 535533 [2020-12-24]
Global Capital Markets Fund Management Llc, United States, Florida, NFA ID 535594 [2020-12-25]
Easter Island Capital Llc, United States, Texas, NFA ID 535684 [2020-12-31]

We observed closed managers in the following countries: 

Australia[1], Guernsey[1], Ireland[1], Russia[1], St Vincent[2], Switzerland[2], United Kingdom[1], United States[38]

The following managers withdraw their registration in December:

Futures Truth Company, United States, North Carolina, NFA ID 2381 [2020-12-05]
Madon, Constant A J, United States, New York, NFA ID 182417 [2020-12-09]
Whistler Trading Corporation, United States, California, NFA ID 232338 [2020-12-05]
Materia Thompson, Diane, United States, New York, NFA ID 234959 [2020-12-09]
Heinz, David Mark, United States, Illinois, NFA ID 243812 [2020-12-09]
Ware, Thomas Herrington, United States, Texas, NFA ID 294667 [2020-12-19]
Alder Capital Dac, Ireland, , NFA ID 308752 [2020-12-05]
Williams, Peter S, United States, California, NFA ID 327955 [2020-12-23]
Waldocks System Signals Llc, United States, Ohio, NFA ID 357339 [2020-12-09]
Dspf Inc, United States, New York, NFA ID 374883 [2020-12-30]
Argo Wealth Management Inc, United States, Ohio, NFA ID 375584 [2020-12-11]
Jhl Capital Group Llc, United States, Illinois, NFA ID 377154 [2020-12-05]
Baldwin Commodities Corp, United States, Michigan, NFA ID 388616 [2020-12-09]
Bhk Securities Llc, United States, Alabama, NFA ID 395684 [2020-12-12]
P&s Credit Partners Llc, United States, New York, NFA ID 401035 [2020-12-05]
Bellwether Capital Management lp, United States, New York, NFA ID 404507 [2020-12-17]
P&s Credit Management lp, United States, New York, NFA ID 409470 [2020-12-02]
Rivercast Capital Llc, United States, Colorado, NFA ID 411866 [2020-12-09]
Credit Value Partners Llc, United States, Connecticut, NFA ID 425215 [2020-12-05]
Lakewood Asset Management Llc, United States, California, NFA ID 428398 [2020-12-19]
New River Investments Inc, United States, California, NFA ID 442127 [2020-12-03]
Riverside Risk Capital Llc, United States, New York, NFA ID 445739 [2020-12-30]
Alphaterra Llc, United States, California, NFA ID 463817 [2020-12-23]
Royal Oaks Advisors Llc, United States, Texas, NFA ID 474016 [2020-12-02]
Ryal Capital Advisors Ltd, Russia, , NFA ID 480580 [2020-12-02]
Cvf Iv General Llc, United States, Connecticut, NFA ID 489018 [2020-12-05]
Unique Forex Solutions Llc, United States, Florida, NFA ID 490392 [2020-12-09]
Forex Associates Inc, United States, Florida, NFA ID 491372 [2020-12-16]
Tiverton Trading Inc, United States, New York, NFA ID 494549 [2020-12-13]
Mercury Capital Access Llc, United States, New York, NFA ID 496562 [2020-12-13]
Archimedes Quant Llc, United States, District Of Columbia, NFA ID 496956 [2020-12-09]
Wen Risk Management Llc, United States, California, NFA ID 498536 [2020-12-05]
Oppenheim & Co Limited, Guernsey, , NFA ID 503533 [2020-12-05]
Pcs Capital Pty Ltd, Australia, Nsw, NFA ID 506107 [2020-12-05]
Yield Solutions sa, Switzerland, , NFA ID 507106 [2020-12-16]
1512 Sg Capital Management ag, Switzerland, , NFA ID 509554 [2020-12-02]
Linehedge Partners Limited, United Kingdom, England, NFA ID 514351 [2020-12-13]
Finisterre Usa Inc, United States, Connecticut, NFA ID 516013 [2020-12-05]
Yoo, Daniel, United States, New Jersey, NFA ID 516344 [2020-12-09]
Teleios Commodities Llc, United States, Texas, NFA ID 517638 [2020-12-19]
Migration Asset Management Llc, United States, Colorado, NFA ID 520223 [2020-12-05]
Khachatoorian, Sevak, United States, California, NFA ID 521696 [2020-12-12]
Johnson, John Caleb, United States, District Of Columbia, NFA ID 525541 [2020-12-13]
Mintmark Capital Llc, United States, Florida, NFA ID 525956 [2020-12-05]
Taormina, Lingzhi li, United States, Florida, NFA ID 526186 [2020-12-30]
Trinity Global Market Pty Ltd, St Vincent, , NFA ID 533034 [2020-12-18]
Gemini Capital Llc, St Vincent, , NFA ID 533039 [2020-12-11]