NFA | Frequently Asked Questions: Trading Program Performance Calculations and Presentation by CTAs with Client Assets held at MF Global, Inc.
Notice to Members I-12-04 January 27, 2012 Frequently Asked Questions - Trading Program Performance Calculations and Presentation by CTAs with Client Assets held at MF Global, Inc. As a result of the October 31, 2011 bankruptcy proceeding involving MF Global, Inc. (MFG), NFA has received a number of questions from CTAs regarding how to calculate and present performance information for Trading Programs with client managed accounts that were affected by the MFG bankruptcy proceeding. NFA is issuing this notice to address those frequently asked questions. All of my managed client accounts were held at MFG. The open positions in those accounts were subsequently transferred to another FCM. After the transfer, I continued to trade the accounts according to the trading program. How do I reflect the performance results? Results should be based upon the assets under the CTA's control. Any customer assets that were not included in the transfer may not be inc