Currency traders in the Barclay’s Currency Traders Index (CTI) gave themselves some breathing room toward having a profitable year, gaining just more than 1 percent in November to bring the CTI’s yearly gains to 2.55 percent.
With one month left in the year, the CTI, which is comprised of 114 managed money programs (currency futures and spot forex) seems to be in good shape to avoid a third-straight losing year. The index, which was created in 1987, has had only four losing years, although two of them came in 2005 and 2006.
All seven of Barclay’s indices are now in the black for the year with the benchmark CTA index up 5.5 percent.
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, fell 0.13 percent in November but is still up 3.33 percent on the year.
The index closed November at 1,041.44 after reaching a monthly high of 1,047.18 on Nov. 8. The all time high of 1,053.60 was set in late July.
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