NFA and CME Group Select AlphaMetrix to Provide Data Aggregation Services
CHICAGO -- November 27, 2012
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.
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.
If you’d like more information, please contact Carly Moree at
firstname.lastname@example.org or 312-267-8480.
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.
Carly Moree, 312-267-8480
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