SYSTEMACRO was founded in 2014 as independent research-driven FX business (initially under the name Embankment Currency Research). The firm is dedicated to building market-leading systematic macro currency models and to provide best-in-class macro FX research.

SYSTEMACRO Milestones:

Mar 2014:  Embankment Currency Research (ECR) founded
Sep 2014:   Proprietary macro data management system
Nov 2014:  First macro strategies implemented (G10 carry)
Dec 2014:   Portfolio management framework based on risk budgeting
Mar 2015:  Trading of first experimental portfolio with own funds
Jan 2016:    Introduction of dedicated strategies to hedge against systemic risks
Nov 2016:  Operational stability – fully automated daily updates
Apr 2017:   Research on static and dynamic risk budget allocations
Aug 2018:  Range of Systematic Reference Portfolios developed
Feb 2019:   Publication of first discretionary trade ideas
Mar 2019:  First generation of thematic strategy portfolios
Jun 2020:   Thomas Stolper for 2 years at Rokos Capital Management
Jul 2022:    ECR renamed as SYSTEMACRO Research
Nov 2022:  New website with database of systematic strategies and portfolios
Nov 2022:  Launch of “Active Systematic Reference Portfolio”
Jan 2023:  Bespoke strategies and portfolios for individual clients
Apr 2023:  New API to access overnight model updates