The Systematic trading strategy utilises the firm’s proprietary vessel tracking system, TRACS, to deliver an edge from real time demand and pricing data. The algorithm has been extensively developed and is now live trading 16 different products. The individual models have low or negative correlation with each other. The systematic portfolio has low correlation to equity indices and to the fundamental strategies.
The TRACS system gives a real-time representation of global shipping, the outputs include:
Imports/Exports broken down by commodity type
Vessel activity including dry docking and floating storage
Distribution of global fleet on both a current and forward basis
Shipping demand requirements
Tonne miles and commodity on water metrics
Utilisation of fleet
Speed analysis
Tonnage surplus/deficit at various locations on both a current and forward basis
Longer term fundamentals