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CTA Startup Costs
- Thread starter BGB
- Start date
Quote from Zemysto:
I also would like to restart (or start?) the discussion about the location of a CTA or a CPO outside of the USA.
Indeed, as I live in Switzerland and as I would like to set up my hedge fund offshore (probably in Cayman Islands), I also study the CTA and CPO regulations.
However, I can't manage to find anything in the regulation frameworks linked to CTA and CPO which deals with the authorized (or forbidden?) locations outside or the USA to become a CTA or CPO.
Is it possible in Cayman Islands? In Europe? In Switzerland?
Is somebody not located in the USA ever had issues to become CTA or CPO? Or after?
Thanks in advance for your answers.
My advice is call the NFA directly. Their customer service is VERY helpful. They will most likely answer any specific questions you have regarding this issue....
We have been preparing ddocs for CTA for 20 years, and we still do it for $850, with no performance.
Your only other costs will be $950. $200 for registration and $750 for membership.
You can contact me by email or through our website at www.irfutures.com.
It is not as expensive or as hard as you think!
Dennis
Your only other costs will be $950. $200 for registration and $750 for membership.
You can contact me by email or through our website at www.irfutures.com.
It is not as expensive or as hard as you think!
Dennis
D Stahr:
We have been preparing ddocs for CTA for 20 years, and we still do it for $850, with no performance.
Your only other costs will be $950. $200 for registration and $750 for membership.
You can contact me by email or through our website at www.irfutures.com.
It is not as expensive or as hard as you think!
Dennis
Or you can do it yourself and save some money. Like he said it's not as hard as you think.
No pricing for Sungard, SS&C, PT Plus, Princeton Financial Systems, HedgeTek, MPartner, Archway Technology, Backstop solutions, Tradar, DMAXX or the other one you mentioned. I think Tradar was like north of $30k or something though.
A CTA or CPO are quite different from a hedge Fund or fund of funds Operator/Manager.
Accounting and reporting issues are not the same by a long shot.
A start up CTA with few accounts should be able to handle it on Excel. But you will soon grow out of it.
As far as I know DMAXX is the only application out there specificaly designed for CTAs and CPO.
Pricing depends on Funds under Management.
The Disclosure documents you can do yourslef. The NFA gives a specific guida as to what should be included. You can use samples of other documents to get some ideas. From what ive been told and from my experience, you should keep the disclosure docs. as simple as possible. The area which you might need an attorney is when you prepare your managed account paperwork. You should consult an attorney there because you don't want to leave yourself liable if something should go astray. This way you are covered in all areas.Quote from LongView:
Or you can do it yourself and save some money. Like he said it's not as hard as you think.