DMAXX News

TheBooks now provides electronic execution of futures and options and is now available all customers of TheBooks. This new capability in TheBooks is called the Execution Gateway.

Execution Gateways extend the Trading Desk concept in TheBooks and allows the routing of trades directly to exchanges for execution. As trades are filled, they are automatically updated in TheBooks and for those gateways that have an associated trading platform, such as Open E Cry, trades can be worked from within the platform; TheBooks automatically records your actions.

TheBooks provides several advanced execution options tailored to systematic institutional advisors:

• Iceberged limit orders
• Virtual trading days
• Custom handling of blown stops on order release
• MOO and MOC gap handling
• Automatic email alerting of order status when trigger prices are reached

Straight-through processing

Whether a trade originates in the trading platform, generated by software, or is manually created in TheBooks, trade processing and reporting is automatically performed.

The goal of complete automation, from trade inception through performance fee calculation is now a reality.