The investment market for spy futures is getting bigger, with an investment fund of some of the largest names in the industry.
Spy, which is part of a $5.3 billion deal by the Royal Bank of Canada to buy brokerage firm Interfolio Services Inc. for about $2 billion, has emerged as a leader among the big four Canadian banks.
Investors have flocked to Spy’s website, which allows them to bet on prices in a wide range of securities, from U.S. Treasury bonds to German government bonds and Canadian dollar-denominated bonds.
The firm also has a global platform that offers exposure to foreign currencies, currencies in emerging markets and emerging markets assets.
Spymasters like to invest in a variety of currencies, which makes it a great place to find some diversification.
Spike, which has a $2.6 billion market cap, said its portfolio of spy bonds is up almost 75 per cent since the start of the year.
It has a market cap of $564 million, according to Bloomberg data.
Spying was not included in the latest index of Canada’s benchmark benchmark U.K. pound sterling.
Spymasters, who have been in the business for decades, typically have their main exposure to the dollar and Canadian currency.
The U.k. government and its trading partners do not issue spy bonds, but spy-based instruments are not subject to U.s. government regulation.
Spies also has about $9 billion in assets under management, including $4 billion of treasury bonds and $2,500 in bonds issued by the Canadian Imperial Bank of Commerce, the government-owned bank.
Spys investments in Canadian government bonds have jumped by more than 60 per cent over the past year.
Spry also has $1.6 million in assets tied to Canadian-based companies.
Spyrm, a U.B.C.-owned firm that specializes in financial assets, has about 40 employees and is investing about $3 billion in spy bonds.
Spire, a company that specializes to help companies grow and diversify, has $5 billion under management and about $1 billion in its own portfolio.
Spreem, a Canadian-owned firm specializing in infrastructure investments, has assets under $500 million and about 20 employees.
Spikes assets under Management (OPM) index, a benchmark of the S&P 500 index, has been up nearly 40 per cent this year and has climbed more than 15 per cent from last year.