A snapshot of strategies in one monthly report included eleven: momentum; dispersion; carry; volatility relative value; skewness; volatility carry; congestion; basis momentum; value and mean reversion. Customisation examplesThese headline labels are however of limited value as the devil is in the detail of individual QIS strategies. Meanwhile the need to execute with different banks may reduce scope for netting. Different regime inputs apply to different strategies. Volatility strategies provide an example of rotation around asset classes and geographies.