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DMAXX provides hedging software to New Zealand Power Industry

03/09/2011

Permalink 08:20:57 am, by Dana Comolli Email , 181 words   English (US)
Categories: TheBooks, Hedging

DMAXX provides hedging software to New Zealand Power Industry

DMAXX has completed the installation of TheBooks for one of New Zealand’s major power companies, providing a key component in that company’s electricity hedging and market making operations in the Benmore and Otahuhu electricity futures markets.

TheBooks provides trade capture, reconciliation, position management, risk management, data management, and reporting for the operation.   In addition, TheBooks is providing valuation and trading information to the company’s corporate reporting systems.

DMAXX was selected because of TheBooks’ broad functionality which allowed an off-the-shelf solution as well as our extensive background in futures trading and our long time experience with the ASX/SFE markets.

Installation and cutover were completed on schedule during the first week of March.

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.

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