Risk glossary


Commodity trading adviser (CTA)

A commodity trading adviser is a US regulatory term that refers to a wide range of investment companies and hedge funds which trade futures or other derivatives, most commonly with a systematic strategy.

The derivatives in these funds are collectively known as managed futures. They do not always have commodities as their underlying; some CTA funds invest in contracts tied to equities, currencies, indexes and interest rates. Most CTA funds pursue trend-following strategies.

All CTAs are required to register with the US Commodity and Futures Trading Commission and must also be members the US National Futures Association.

Click here for articles on commodity trading advisers.

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