CPO and CTA Registrations Drop Slightly in First Six Months of 2020

John Lothian

John Lothian

Executive Chairman and CEO

CPO Numbers Down Nearly 6% and CTA Registrations Down 5% Since 2019

Since the end of 2019, the number of Commodity Pool Operators, or CPOs, registered with the National Futures Association has dropped by almost 6% and the number of Commodity Trading Advisors, or CTAs, has dropped 5% during the same time frame. The number of registered Introducing Brokers, or IBs, has dropped less than 1%, according to data provided by the NFA.

There were 1414 CPOs at the end of 2019, but at the end of January of 2020 there were just 1392. The number of CPOs continued to drop in February (1382), March (1373), April (1351), and May (1328), before adding four in June to 1332. The drop from 1414 to 1332 was a decline of 5.8%.

There were 1960 CTAs at end of 2019, but at the end of January 2020 there were just 1922. The number continued to drop in February (1906), March (1898), April (1879), May (1865) and June (1862). The 2019 to June drop was 5.00%.

There were 1116 CTAs at the end of 2019, but the numbers fluctuated between 1108 and 1102 during the first six months of 2020, with 1107 IBs registered with the NFA at the end of June.

The number of NFA registered FCMs dropped from 62 at the end of 2019 to 61 by the end of June 2020, with one lost in January and the other in March.

CPO registrations peaked in 2013 at 1801 and have been declining since then. The same is true for CTA registrations in the last 10 years; their high was 2612 at the end of 2013.

IB registrations have largely been on the march downward in the last 10 years from 1586 at the end of 2010 to June 2020’s 1107.

 

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