Alternative Links: 39.6 Million Interest Rate Contracts

TT users now have access to seven different RCM-X algorithmic strategies including TWAP, VWAP, IS (Implementation Shortfall), POV, CLOSE, SCALEPOV and ICEBERG for advanced trade optimization and execution. Algorithm parameters, such as exceeding percentage of volume, maximum participation and passive price level, are accessible directly from the TT screen, allowing traders to adjust algorithms on the fly.



A combined 39.6 million in CBOT bond and CME interest rates contracts changed hands on Tuesday, breaking the previous peak of 26.6 million set on Nov. 9, 2016, according to the CME spokeswoman.

U.S. Bond, Rates Futures, Options Hit Volume Record: CME – (Reuters)


It last year became the first foreign hedge fund to be allowed to sell private securities funds to investors in China and has been raising capital for a computer-driven trend-following product that initially focuses on listed futures on commodities, bonds, metals, energy and stock indices.

Man Group CEO Says China Bond Defaults Will Normalize the Market – (Bloomberg)


“Firms that do more modest amounts of trading will face fewer requirements.”

Fed’s Volcker Rule proposal lightens compliance burden for banks based on trading – (CNBC)


Mutual funds have been driving the surge of assets in ESG, but quants are rapidly getting in on the investment strategy, according to Bank of America Merrill Lynch.

Here’s the Fastest Growing Strategy in Smart Beta – (Institutional Investor)


Field Street’s losses, the worst on record for its macro fund, halved the size of that fund to about $110 million, according to one of the people.

Field Street Macro Fund Extends Italy Losses to 50% — (Bloomberg)


Atlanta-based Intercontinental, which also owns the New York Stock Exchange, agreed last month to buy the relatively tiny bourse’s parent, CHX Holdings, for $70 million, which was two and a half times more than a prior offer from a U.S.-Chinese group of investors that failed to win regulatory approval.

Swarm of bidders drove up price for Chicago Stock Exchange – (Crain’s Chicago)


The $2.1bn Janus Henderson Global Unconstrained Bond Fund managed by the former Pimco founder since he jumped ship in 2014 has suffered a poor year, but the net asset value of the fund tumbled sharply on Tuesday, taking its 2018 loss to 5.9 per cent.

Bill Gross’s Janus fund suffered worst day since launch – (FT)


“Think of the energy balance like a bank account,”

Warming Planet Could Mean Bigger Corn Crops for U.S. – (Bloomberg)


In the first three months of the year, Bridgewater unloaded more than $2 billion worth of shares in three big emerging market ETFs: the iShares MSCI Emerging Markets ETF

Bridgewater Gets Picky With Its Emerging-Markets Bets – (Bloomberg)


Though oil is up 20% since mid 2015 and the S&P 500 stock index has gained nearly a third, energy stocks, particularly those of smaller companies, have lagged behind. Energy shares in the S&P 600 index of smaller companies have lost 31%.

Behind a Hedge Fund’s Billion-Dollar Bet On Busted Oil Companies – (Bloomberg)


Whale Oil wasn’t eventually killed by technology or alternatives, but by the 1986 International Whaling Commission’s ban on commercial whaling, a good 100 years after the US whale industry had become a rounding error in the economy.

Call me Ish-shale – (Call Me Ish-Shale)

The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

The programs listed here are a sub-set of the full list of programs able to be accessed by subscribing to the database and reflect programs we currently work with and/or are more familiar with.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history. Individuals cannot invest in the index itself, and actual rates of return may be significantly different and more volatile than those of the index.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

Limitations on RCM Quintile + Star Rankings

The Quintile Rankings and RCM Star Rankings shown here are provided for informational purposes only. RCM does not guarantee the accuracy, timeliness or completeness of this information. The ranking methodology is proprietary and the results have not been audited or verified by an independent third party. Some CTAs may employ trading programs or strategies that are riskier than others. CTAs may manage customer accounts differently than their model results shown or make different trades in actual customer accounts versus their own accounts. Different CTAs are subject to different market conditions and risks that can significantly impact actual results. RCM and its affiliates receive compensation from some of the rated CTAs. Investors should perform their own due diligence before investing with any CTA. This ranking information should not be the sole basis for any investment decision.

See the full terms of use and risk disclaimer here.