CHICAGO--()--AlphaMetrix360, LLC (“AlphaMetrix360”) announced today that it has been selected to provide electronic data aggregation services for both the CME Group Inc. (“CME”) and National Futures Association (“NFA”). As futures industry self-regulatory organizations, the initiative will allow CME and NFA to build a system to collect balances for all bank depositories holding customer segregated, secured amount and sequestered funds on behalf of futures commission merchants ("FCM") on a daily basis. NFA and CME will perform an automated daily comparison of the balances reported by the bank depositories to the balances reported by the FCMs to identify any discrepancies.
“It is an honor to have been selected by CME and NFA to work on such an important and necessary project which will improve the ability to monitor the safety of customer funds. Clearly, both organizations have acted decisively to restore confidence in the industry.”
Aleks Kins, President and Chief Executive Officer of AlphaMetrix360 stated, “It is an honor to have been selected by CME and NFA to work on such an important and necessary project which will improve the ability to monitor the safety of customer funds. Clearly, both organizations have acted decisively to restore confidence in the industry.”
As a result of servicing these two mandates, AlphaMetrix360 has formed the dedicated AlphaMetrix Regulatory Solutions Group, which will be headed by Dennis R. Zarr, Senior Partner of AlphaMetrix Group, LLC to efficiently service these clients as well as to expand capabilities in this space. The firm started the implementation process of the initiative in early November and will start reporting daily data in early December.
In addition to the aforementioned mandates, AlphaMetrix is currently in several discussions with other global exchanges and regulatory bodies to provide custom aggregation and monitoring services.
AlphaMetrix360 is part of AlphaMetrix Group, LLC, and provides data aggregation services to the alternative investment community utilizing a proprietary software platform. The firm aggregates data from a wide range of global financial institutions including, but not limited to, banks custodians, prime brokers, FCMs, administrators, hedge funds, funds of funds, managed account platforms, family offices and sovereign wealth funds. AlphaMetrix360 has operations in Chicago, Illinois, New York, New York, Columbus, Ohio and the Cayman Islands.
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Alternative investment products, including hedge funds and managed futures, involve a high degree of risk. Alternative investment products can be volatile. An investor could lose all or a substantial amount of his or her investment. Alternative investment products often execute a substantial portion of their trades on non-U.S. exchanges. Investing in non-U.S. markets may entail risks that differ from those associated with investments in U.S. markets.