As Commodity Trading Advisors (CTA) struggle to find their way through the first four months of 2007, currency traders haven’t fared any better. Through the end of April, The Barclay Group’s Currency Traders Index (CTI) was down 0.28 percent.
The CTI, which tracks 114 managed money programs that trade currency futures and/or spot forex, is coming off back-to-back losing years and is trying to avoid its first three-year losing streak in its 20-year history.
Currency traders are actually out performing the average CTA, as Barclay’s CTA index, which measures 428 programs, is down more than 2 percent in 2007.
The Barclay BTOP FX Index, which tracks the largest investable currency trading programs and accounts for at least half of the investable assets of all programs tracked by Barclay, is faring somewhat better.
The index is up 1.6 percent on the year through the end of April, and reached an all-time high of 1,028.70 on April 20. The index has gained almost 2.5 percent from its 2007 low of 999.42.
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