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Graphic of the Day: CTA Launches Surpassed by Liquidations

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CTA Launches and Liquidations 2011-2020

  • The number of active CTAs peaked in 2013, five years after their banner year of 2008.
  • The peak of CTA launches was in 2012.
  • The trend of more liquidations than CTA launches began in 2016 and the net decline has accelerated since.