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New Service Bureau Business for Small and Mid-Size CTAs Powered by TheBooks

06/30/2010

Permalink 11:05:31 am, by Dana Comolli Email , 370 words   English (US)
Categories: DMAXX, Alliances, Service Providers

New Service Bureau Business for Small and Mid-Size CTAs Powered by TheBooks

CHICAGO, IL - DMAXX, LLC and CTA Services LLC have begun a new alliance to deliver TheBooks’ comprehensive back office management capabilities for managed accounts under a service bureau business model.

“We’re excited to offer this new option for CTAs that can’t quite justify the time and expense of a full-blown installation of TheBooks, yet have reached the point in their business where just getting by isn’t good enough anymore,” says Dana Comolli, President of DMAXX. “To compete effectively in today’s marketplace, CTAs need to show they have their back office in order. Daily NAV, quick trade error reconciliation, fast turnaround on monthly performance calculations and streamlined billing are becoming more and more important. And now, with our alliance with CTA Services, even smaller emerging CTAs can have access to everything TheBooks has to offer.”

Adds Alan Zenk, President of CTA Services, “Managing a CTA business today is all about paying attention to details and managing data from several sources. When we originally deployed TheBooks for our own CTA, we were amazed at how well it handles the idiosyncrasies of the managed account business. It gave us many of the capabilities that were sorely missing from our own operation, while freeing up time we used to lose doing our trade allocations and reconciliations. It became obvious to us that we could deliver these benefits to other CTAs at lower cost and without burying great traders in annoying details.”

About DMAXX, LLC
DMAXX, LLC has been providing Futures Trading and Accounting software and services to members of the Managed Futures industry since 1994. Our flagship product, TheBooks®, is a comprehensive, scalable application tailored to the needs of the alternative investment advisor with managed accounts. Our years of experience, product functionality, and dedication to customer service have made us the vendor of choice by institutional CTAs worldwide for more than 16 years.

About CTA Services LLC
CTA Services offers a variety of services to assist Commodity Trading Advisors in running their businesses, such as daily NAV, monthly performance calculations, invoicing, disclosure document preparation, routine NFA filings, and NFA compliance assistance. Customers can choose from a menu of services that encompasses virtually all aspects of a typical CTA’s operation.

DMAXX, LLC
Dana Comolli
1.847.234.4969 x11
http://www.dmaxx.com

CTA Services LLC
Alan Zenk
1.763.478.6352
http://www.ctaservicesus.com

 

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