DARWINs that include shares as underlyings already admit capital - initially up to 100k per DARWIN.
With this step we endorse the pilot started in April 2019. We’ve confirmed with actual execution data that
- there is enough liquidity and
- that the adaptations introduced in the risk manager work well in stocks.
As the DARWINs reach the initial limit of 100k of AuM, we’ll check each case at the request of the manager to determine if we can raise it. In this way we’ll relax restrictions along with limiting potential liquidity problems.
We analysed the performance of the risk manager with stocks over a sample of 3952 months. The actual monthly 95% VaR is 9.95%. The risk manager has been battle-hardened by managing the very high level of volatility we’ve had recently in the markets.
DarwinIA Capital Allocation
Stock DARWINs have been eligible for the monthly capital allocation since October. The opening to third party capital doesn’t change anything. They’ll continue to opt for the allocation under the same conditions.
How to find stock DARWINs
The DARWIN header specifies whether it’s “Stock CFDs” or “Forex, Index CFDs and Commodities”, and we have created a public list that includes the stock DARWINs currently traded on the Exchange.
We’re working to add the type of asset traded as a custom filtering criterion.
Please share all the feedback you can give us about stock DARWINs! We invite you to celebrate with us the evolution they represent for the Alpha movement!