Fully automated futures trading

Dunno if GAT breaks out his returns by sector (certainly it's his privilege to choose not to) but I wonder if he's up mostly/fully because of equities also.
 
Today will be a test for the trendies. I'm hearing they're mostly down on this equity decline. Investors will find out how much closet β they're carrying.
 
truetype said:
Everyone wants to build an Evolution...

Aspect Capital preps esoteric markets product

Alternative Markets Fund latest to enter emerging space
Daniel Rzasa Matt Smith 1 hour ago

London-based systematic manager Aspect Capital is launching a managed futures strategy investing across non-traditional markets. The strategy, called the Alternative Markets Fund, will launch in the next few weeks and will initially trade with Aspect’s internal capital...
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Big article by Matt Smith on this industry trend:
https://hfm.global/ctaintelligence/analysis/the-new-frontiersmen/

Few quotes from yours truely. Behind a pay wall sadly.

GAT
 
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“The challenges for CTAs moving beyond traditional futures markets aren’t research challenges that can be solved by throwing Phds at the problem,” says Rob Carver, an expert on systematic trading, who was formerly head of fixed income at AHL, and was responsible for managing the majority of the Evolution trading strategies, before leaving in 2013...

Carver points out that in contrast to trading futures on centralised exchanges, which have systems and protocols that allow trading to be automated, OTC trading may be spread across numerous venues.

“Degrees of automation vary, with some markets only accessible via voice broking, messaging systems, or bespoke user interfaces without the APIs needed for full automation.

“Price quotes captured for processing may not be reliable or dealable, or will be stale by the time the order comes for execution.”

Carver thinks that CTA managers entering the alternative markets realm may need to look to the wider job market to hire execution traders with the specialist knowledge required...

“The back office for a futures-only business can be relatively slimline, with automated processing doing the bulk of the work,” Carver says. “In contrast OTC operations teams need to be larger for a given AuM, and will often require specialist knowledge.”
 
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