CTA / CPO
Commodity Trading Advisors have an integral role in alternative investment portfolios. Powered by our proprietary Seamless CTA software, which automates the vast majority of the back office for exchange-traded instruments, our team of fund administration specialists provide you with industry leading NAV turnaround coupled with the highest level of client service. Use CommonSubDoc, our cutting-edge, web-based e-signature onboarding platform, to manage your relationships and capital activity. Why Formidium? Because cutting-edge technology and high-touch client service is the core of everything we do.
Download Brochure
Overview
Seamless simplifies your back office by combining multiple programs into one; allowing trades, accruals, and transactions to be uploaded in minutes, generating easy-to-read daily reports. Seamless automates many parts of the fund administration process, reducing manual errors and providing cost savings, allowing buy-side managers to analyze their portfolios and easily view investor balances, P&L, and exposure reports via the web. Seamless also comes with a built-in portal, allowing investors to easily view their balances, tear sheets, and more.
Seamless software, combined with our experienced global staff enables us to provide you with the highest quality fund administration service. We pride ourselves on making the back office as seamless as possible for both you and your investors.
Features
Easy Onboarding
Industry leading on-boarding turnaround time
Clients
Support all fund types including high frequency trading
Web Delivery
Access to cutting-edge investor & document management portal
Regulatory Support
Compliance reporting and oversight, assist with on-site regulatory visits
Reporting
Exposure and attribution
reporting
Secure
Two factor authentication and secure online platform
SOC1/SOC2/SOC3 Audits
Audits covers professional services, operations and Technology
Transfer Agent
We are a regulated transfer agent familiar with investor needs
Automated AML/KYC
AML/KYC checks, offshore compliance services
Rate of Return
Calculation of rates of return within GIPS standards
Exceptional Service
Exceptional service from experienced and knowledgeable staff
Competitive Pricing
Straightforward, competitive pricing
Services
Fund Accounting
- Daily, weekly, or monthly portfolio and fund accounting
- Management and performance fee calculations
- Daily maintenance of cash and general ledger
- Easy historical accounting uploads
- Preparation of year-end and semi-annual financials in accordance with US GAAP or IFRS
- Communicating and liaising with auditors
- Respond to audit queries and adjust financials as needed
Separately Managed Account Services
- Daily reconciliations and valuation
- Daily fee calculation and a/c value estimate
- Prepare month End 13 column performance table
- Prepare CTA composite for each trading program
- Prepare CTA performance capsule for each trading program
- Prepare fee invoice for the client
- Reconcile with the accounting of the client (if available)
- Prepare and provide support for advisory fees
CTA Fund Administration
- Assist with setup and fund launch
- Data and analytics to drive performance
- Experts who understand your business
- Daily reconciliation of trades, positions, and cash balances
- Full transaction ledger of trading and non-trading activity
- Adherence to Foreign Account Tax Compliance Act (FATCA)
- Common Reporting Standard (CRS) compliance
- Commodity Pool Operator (CPO) Pool Quarterly Reports (PQR)
- NFA Reporting
Treasury Services
- Setup and maintenance of funds bank accounts for capital activity, operations
- Transfer balances between funds bank and custodian/prime brokerage accounts
- Expense budgeting, accruals and invoice payments
- Centralized cash payments team
- Maintaining security controls and authorization levels for each counterparty or service provider
- Management of securities finance transactions
- Optimizing the use of margin and collateral balances
- Managing excess cash balances and sweep vehicles
Investor Services
- Subscription, redemption, and transfer transaction processing
- AML controls and checks, according to fund domicile
- Maintenance of investor documents (available for audit)
- Answer to investor queries and information requests
- Respond to data and information requests from local regulators, directors, and/or corporate secretaries
- Investor statement preparation and distribution
- User-friendly investor web portal
Audit Support
- Financial statement draft preparation in accordance with GAAP or IFRS
- Audit timeline determination with clients and auditors
- Liaise and act as main point of contact for auditors
- Preparation of cost rollforwards and other supporting reports
- Generate footnotes and related tables
- Address auditor comments and escalate to client as necessary
- Distribute final financial statement to investors, exchanges, regulators and other parties
Technology Portals
- Dynamic, user-friendly and intuitive web portals for clients and their investors
- Securely share fund documentation and client reports with investors
- Option to white label with client branding
- In-house development team customizes to meet client needs
- Built with multiple AWS disaster recovery sites
SOC 1, SOC 2 & SOC 3 Certified
Our fund services operations are SOC 1 Certified. Seamless Suite and CommonSubDoc are SOC 2 & SOC 3 Certified. Our SOC 2 audit covers cybersecurity testing, DR site testing, data backups, and other similarly important aspects of our tech infrastructure.
