Ex-Millennium Partners CTA Spinoff Taps Liquid

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The Mada Group, a recently-launched commodity trading advisor (CTA) specializing in energy, agriculture, and metals futures, has chosen Liquid for its investment processes and middle-office operations.

The new CTA will use Liquid's platform to manage the firm's investment workflow, including automating the allocation of positions to separately managed accounts (SMAs) in a compliant manner; stress testing the portfolio for changes in interest rates; and monitoring risks at both the portfolio and commodity level in real-time. The Mada Group will also rely on Liquid to satisfy investor reporting requirements, serve as the firm’s data custodian, and facilitate multi-broker reconciliations on a daily basis.

As part of Mada Group’s workflow, Liquid will also work closely with the firm’s existing execution management system (EMS) to ensure straight-through processing of all trading activity into the platform.

"The team we put together collectively has more than 30 years of quantitative trading experience and has run highly successful investment teams at well-known firms including Millennium Partners," says Adam Hoffman, founder of The Mada Group. "With the launch of this business, I recognized the need for institutional infrastructure and outsourced operations which allow my team to focus squarely on delivering out-sized risk-adjusted returns to our investors. Selecting Liquid assures that we will quickly be live on a scalable platform that delivers the breadth of real-time front-office capabilities we require today and will require as we continue to grow into a larger, more mature business. In addition, the operations team at Liquid will manage our middle office, ensuring our portfolios are accurately priced for the start of each trading day."

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