Medium-frequency
LockedChicago
Futures
Apex Marketplace
Apex Marketplace: Hedge funds on demand.
Emerging managers, admitted on evidence. Held in your own account.
Programs on the floor
Open
Chicago
Drag the side cards. Click the centre card to open it.
What is an SMA?
A small structural difference with a large practical one.
SMA stands for Separately Managed Account. Instead of buying into a fund, you open an account in your own name at your own broker, and the manager trades it to a mandate you have agreed.
In a fund, your capital joins a pool: you hold a share of a vehicle the manager controls, valued on the fund’s schedule, and you redeem on the fund’s terms. In an SMA, there is no vehicle between you and your securities. The positions are yours. The account is yours. The mandate is a document between you and the manager, and it ends when you say it does.
This is how the largest allocators have always invested with the managers they trust most.
Structure
Your account. Not a pool.
Manager
Controls the vehicle
Permissions
- TradeAllowed
- Hold the assetsIn the fund
- RedemptionsIts schedule
Activity
- Orders for the whole pool
Pooled fund
One vehicle, many investorsBCDE
One pooled balance
Your shareUnits
Prime broker
Custody
- CustodyThe fund
- Account titleThe fund
Investor view
Fund reportMonthly or quarterly
Many investors, one legal structure. You hold a share and redeem on its schedule.
Who it is for
Both sides of the floor.
Investors allocate. Managers qualify. Advisors build for their clients.
Apex MarketplaceStatistics locked
MFT
ChicagoFuturesMFT
DubaiFuturesMFT
KirunaEquitiesMFT
New YorkFuturesMFT
QaironEquitiesMFT
SedonaEquitiesPlace
From discovery to funded account.
Allocators place capital in one flow, into their own account.
Discover, screen and place capital with programs suited to your mandate. Eligibility, agreements and broker-account onboarding run in a single flow — with the diligence record attached to every program.
- Discover
- Explore strategies and define your objectives.
- Evaluate
- Read the diligence evidence attached to each program.
- Configure
- Select the program, the account and the risk mandate.
- Subscribe
- Complete eligibility, agreements and broker onboarding.
- Supervise
- Monitor results and exposures continuously.
