DMAXX News http://blogs.dmaxx.com/blog5.php DMAXX, LLC News and Announcements en-US http://blogs.law.harvard.edu/tech/rss 60 DMAXX President speaks at CTA Expo on the Strategic Impact of a Professional Back Office http://blogs.dmaxx.com/blog5.php/dmaxx-president-speaks-at-cta Wed, 21 Sep 2011 18:59:00 +0000 Dana Comolli DMAXX 52@http://blogs.dmaxx.com/ <p>Dana Comolli, President of DMAXX, LLC, spoke at the CTA Expo in Chicago on September 13, 2011 as part of that forum&#8217;s educational program for CTAs.&#160; In his talk, Dana outlined the changing landscape faced by managers who want to attract institutional assets and the ramifications obtaining these types of allocations bring.</p> <p>As part of the talk, he detailed the three major classes of issues that institutional managed accounts bring&#160;and how Robust Operating Systems, Integrated Order Management, and Customized Transparency can deliver the requirements imposed by these types of investors.</p> <p>For those of you who missed the presentation, it&#160;is available for viewing below.</p> <p style="text-align: center;">&#160;<br /> <div class="videoblock"><object data="http://www.youtube.com/v/2Mm6Swjzh54" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"><param name="movie" value="http://www.youtube.com/v/2Mm6Swjzh54" /><param name="wmode" value="transparent" /></object></div> </p> Dana Comolli, President of DMAXX, LLC, spoke at the CTA Expo in Chicago on September 13, 2011 as part of that forum’s educational program for CTAs.  In his talk, Dana outlined the changing landscape faced by managers who want to attract institutional assets and the ramifications obtaining these types of allocations bring.

As part of the talk, he detailed the three major classes of issues that institutional managed accounts bring and how Robust Operating Systems, Integrated Order Management, and Customized Transparency can deliver the requirements imposed by these types of investors.

For those of you who missed the presentation, it is available for viewing below.

 

]]> http://blogs.dmaxx.com/blog5.php/dmaxx-president-speaks-at-cta#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=52 TheBooks version 3.1.0 now in production http://blogs.dmaxx.com/blog5.php/thebooks-3-1-0-now Mon, 23 May 2011 21:34:00 +0000 Dana Comolli TheBooks DMAXX 51@http://blogs.dmaxx.com/ <p>The latest version of TheBooks is now in production at customer sites.&#160; Version 3.1.0 contains enhancements in&#160;instrument support, execution platforms, reporting, and data visualization as well as a number of enhancements throughout the system.</p> <p><strong>Instrument Support</strong></p> <ul> <li>ICE over the counter&#160;daily cash settled&#160;energy contracts such as Henry Hub Natural Gas.</li> <li>ICE over the counter Peak/Offpeak&#160;electricity contracts</li> </ul> <p><strong>Execution Platforms</strong></p> <ul> <li>RealTick has been added as a bi-directional execution platform</li> <li>Goldman Sachs&#8217; Redi+ has been added as a bi-directional platform</li> </ul> <p><strong>Reporting</strong></p> <p>Several new reports have been added to the system including:</p> <ul> <li>instrument income and returns by month</li> <li>a performance metrics report that charts a variety of statistics such as Sharpe/Sortino ratio, upside/downside volatility, and VAMI/Drawdown</li> </ul> <p><strong>Data Visualization</strong></p> <ul> <li>The performance explorer has been enhanced to include many new charts as well as the ability to chart user-selected data.</li> <li>All charting in the system has been re-written to allow complete flexibility for chart types, colors, and styles, including support for 3D charts.</li> </ul> <p>DMAXX, LLC<br /><a href="http://www.dmaxx.com/"><span style="color: #0000aa;">http://www.dmaxx.com</span></a></p> The latest version of TheBooks is now in production at customer sites.  Version 3.1.0 contains enhancements in instrument support, execution platforms, reporting, and data visualization as well as a number of enhancements throughout the system.

Instrument Support

  • ICE over the counter daily cash settled energy contracts such as Henry Hub Natural Gas.
  • ICE over the counter Peak/Offpeak electricity contracts

Execution Platforms

  • RealTick has been added as a bi-directional execution platform
  • Goldman Sachs’ Redi+ has been added as a bi-directional platform

Reporting

Several new reports have been added to the system including:

  • instrument income and returns by month
  • a performance metrics report that charts a variety of statistics such as Sharpe/Sortino ratio, upside/downside volatility, and VAMI/Drawdown

Data Visualization

  • The performance explorer has been enhanced to include many new charts as well as the ability to chart user-selected data.
  • All charting in the system has been re-written to allow complete flexibility for chart types, colors, and styles, including support for 3D charts.

DMAXX, LLC
http://www.dmaxx.com

]]> http://blogs.dmaxx.com/blog5.php/thebooks-3-1-0-now#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=51 DMAXX provides hedging software to New Zealand Power Industry http://blogs.dmaxx.com/blog5.php/dmaxx-provides-hedging-software-to-new-zealand-power-industry-1 Wed, 09 Mar 2011 14:20:57 +0000 Dana Comolli TheBooks Hedging 50@http://blogs.dmaxx.com/ <p>DMAXX has completed the installation of TheBooks for one of New Zealand&#8217;s major power companies, providing a key component in that company&#8217;s electricity hedging and market making operations in the <a title="New Zealand Electricity Futures Markets" href="http://www.asx.com.au/products/asx-nz-electricity-futures-and-options.htm" target="_blank">Benmore and Otahuhu electricity futures markets</a>.</p> <p>TheBooks&#160;provides trade capture, reconciliation, position management, risk management,&#160;data management, and reporting for the operation.&#160;&#160; In&#160;addition, TheBooks is&#160;providing valuation and trading information to&#160;the company&#8217;s corporate reporting systems.</p> <p>DMAXX was selected because of TheBooks&#8217; broad functionality which&#160;allowed an off-the-shelf solution&#160;as well as our extensive background in futures trading and our long time experience with the ASX/SFE markets.</p> <p>Installation and cutover were completed on schedule during the first week of March.</p> <p><strong>About DMAXX, LLC<br /></strong>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&#174;, 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.</p> 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.

]]> http://blogs.dmaxx.com/blog5.php/dmaxx-provides-hedging-software-to-new-zealand-power-industry-1#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=50 New Service Bureau Business for Small and Mid-Size CTAs Powered by TheBooks http://blogs.dmaxx.com/blog5.php/cta-services-provides-outsourced-backoffice-based-on-thebooks Wed, 30 Jun 2010 16:05:31 +0000 Dana Comolli DMAXX Alliances Service Providers 47@http://blogs.dmaxx.com/ <p>CHICAGO, IL - DMAXX, LLC and CTA Services LLC have begun a new alliance to deliver TheBooks&#8217; comprehensive back office management capabilities for managed accounts under a service bureau business model.<br /><br />&#8220;We&#8217;re excited to offer this new option for CTAs that can&#8217;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&#8217;t good enough anymore,&#8221; says Dana Comolli, President of DMAXX. &#8220;To compete effectively in today&#8217;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.&#8221;</p> <p>Adds Alan Zenk, President of CTA Services, &#8220;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.&#8221;</p> <p><strong>About DMAXX, LLC<br /></strong>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&#174;, 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.</p> <p><strong>About CTA Services LLC<br /></strong>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&#8217;s operation.</p> <p>DMAXX, LLC<br />Dana Comolli<br />1.847.234.4969 x11<br /><a title="DMAXX, LLC" href="http://www.dmaxx.com" target="_blank">http://www.dmaxx.com</a></p> <p>CTA Services LLC<br />Alan Zenk<br />1.763.478.6352 <br /><a title="CTA Services" href="http://www.ctaservicesus.com" target="_blank">http://www.ctaservicesus.com</a></p> <p>&#160;</p> 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

 

]]> http://blogs.dmaxx.com/blog5.php/cta-services-provides-outsourced-backoffice-based-on-thebooks#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=47 DMAXX is tops in customer satisfaction in every category http://blogs.dmaxx.com/blog5.php/dmaxx-is-tops-in-customer-satisfaction-in-every-category Wed, 12 May 2010 14:43:08 +0000 Dana Comolli TheBooks Customer Satisfaction DMAXX 44@http://blogs.dmaxx.com/ <p>DMAXX received customer satisfaction scores consistently above all other Microsoft Gold Partners in a recent survey conducted on behalf of Microsoft. With an NAST (Net Satisfaction) score of 190 out of a possible 200, DMAXX bested the average score by more than 20 points.</p> <p>DMAXX was compared with all other Gold Certified Partners on several dimensions related to customer satisfaction with our products and services.&#160; Below is a summary of the results compared with other Microsoft Gold Partners.</p> <p><img src="http://blogs.dmaxx.com/media/blogs/dmaxxnews/csat_results.JPG" alt="Survey Results" /></p> <p>The results further demonstrate our commitment to providing the best products and services to the alternative investment community.</p> <p>DMAXX, LLC<br /><a href="http://www.dmaxx.com/"><span style="color: #0000aa;">http://www.dmaxx.com</span></a></p> DMAXX received customer satisfaction scores consistently above all other Microsoft Gold Partners in a recent survey conducted on behalf of Microsoft. With an NAST (Net Satisfaction) score of 190 out of a possible 200, DMAXX bested the average score by more than 20 points.

DMAXX was compared with all other Gold Certified Partners on several dimensions related to customer satisfaction with our products and services.  Below is a summary of the results compared with other Microsoft Gold Partners.

Survey Results

The results further demonstrate our commitment to providing the best products and services to the alternative investment community.

DMAXX, LLC
http://www.dmaxx.com

]]> http://blogs.dmaxx.com/blog5.php/dmaxx-is-tops-in-customer-satisfaction-in-every-category#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=44 Version 3.0.4 of TheBooks released to beta http://blogs.dmaxx.com/blog5.php/version-3-0-4-of-thebooks-released-to-beta Thu, 29 Apr 2010 18:09:33 +0000 Dana Comolli TheBooks 40@http://blogs.dmaxx.com/ <p>The much anticipated customer beta of version 3.0.4 of TheBooks has begun.&#160; This version of TheBooks incorporates a wide range of new and enhanced capabilities requested by the user community and re-enforces DMAXX&#8217;s position as providing the premier automation solution to the alternative investor with managed accounts.</p> <p>Some of the new and enhanced capabilities in the latest release are:</p> <ul> <li>TheBooks can now automatically report trade corrections (cancel/corrects) to counter parties</li> <li>FIX Drop copy is now available for direct connections to ICE</li> <li>The programming interface now exposes detailed contract performance data including details at the trading system level</li> <li>The reporting interface has been completely re-written to support user-customization and provides the basis for the up-coming end user report writer.</li> </ul> <p>The customer beta process is expected to last no more than thirty days, after which it&#160;will be rolled out to the rest of the&#160;customer base.</p> <p>DMAXX, LLC<br /><a href="http://www.dmaxx.com/"><span style="color: #0000aa;">http://www.dmaxx.com</span></a></p> The much anticipated customer beta of version 3.0.4 of TheBooks has begun.  This version of TheBooks incorporates a wide range of new and enhanced capabilities requested by the user community and re-enforces DMAXX’s position as providing the premier automation solution to the alternative investor with managed accounts.

Some of the new and enhanced capabilities in the latest release are:

  • TheBooks can now automatically report trade corrections (cancel/corrects) to counter parties
  • FIX Drop copy is now available for direct connections to ICE
  • The programming interface now exposes detailed contract performance data including details at the trading system level
  • The reporting interface has been completely re-written to support user-customization and provides the basis for the up-coming end user report writer.

The customer beta process is expected to last no more than thirty days, after which it will be rolled out to the rest of the customer base.

DMAXX, LLC
http://www.dmaxx.com

]]> http://blogs.dmaxx.com/blog5.php/version-3-0-4-of-thebooks-released-to-beta#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=40 DMAXX now an ICE Trade Capture Vendor http://blogs.dmaxx.com/blog5.php/dmaxx-ice Sun, 14 Feb 2010 22:29:19 +0000 Dana Comolli TheBooks Electronic Trading 39@http://blogs.dmaxx.com/ <p>DMAXX, LLC is now certified as an ICE Trade Capture Vendor. This means that TheBooks FIX integration has passed ICE conformance certification testing performed by the IntercontinentalExchange.</p> <p>The integration between ICE and TheBooks means all executions done at the IntercontinentalExchange (ICE) can be automatically routed into TheBooks for block trade assignment, price allocations, and counter-party notifications.</p> <p>These trades also feed into TheBooks reconciler, position management, and trade accounting components, providing a fully integrated process for trading managed accounts.</p> <p>DMAXX, LLC<br /> <a href="http://www.dmaxx.com">http://www.dmaxx.com</a></p> <p>ICE<br /> <a href="https://www.theice.com/homepage.jhtml">https://www.theice.com/homepage.jhtml</a></p> DMAXX, LLC is now certified as an ICE Trade Capture Vendor. This means that TheBooks FIX integration has passed ICE conformance certification testing performed by the IntercontinentalExchange.

The integration between ICE and TheBooks means all executions done at the IntercontinentalExchange (ICE) can be automatically routed into TheBooks for block trade assignment, price allocations, and counter-party notifications.

These trades also feed into TheBooks reconciler, position management, and trade accounting components, providing a fully integrated process for trading managed accounts.

DMAXX, LLC
http://www.dmaxx.com

ICE
https://www.theice.com/homepage.jhtml

]]> http://blogs.dmaxx.com/blog5.php/dmaxx-ice#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=39 DMAXX now a member of the TT Connected Program http://blogs.dmaxx.com/blog5.php/dmaxx-now-a-member-of-the-tt-connected-p Mon, 21 Dec 2009 21:44:54 +0000 Dana Comolli TheBooks Electronic Trading 37@http://blogs.dmaxx.com/ <p>DMAXX, LLC is now a member of the Trading Technologies Connected program. Membership in this program means that TheBooks integration with TT has been tested by Trading Technologies and is certified to be fully compliant with their applications and trading infrastructure.</p> <p>The integration between TT&#8217;s platform and TheBooks means all executions done through TT&#8217;s platform are automatically routed into TheBooks for block trade assignment, price allocations, and counter-party notifications.</p> <p>These trades also feed into TheBooks reconciler, position management, and trade accounting components, providing a fully integrated process for trading managed accounts.</p> <p>DMAXX, LLC<br /> <a href="http://www.dmaxx.com">http://www.dmaxx.com</a></p> <p>Trading Technologies<br /> <a href="http://www.tradingtechnologies.com">http://www.tradingtechnologies.com</a></p> DMAXX, LLC is now a member of the Trading Technologies Connected program. Membership in this program means that TheBooks integration with TT has been tested by Trading Technologies and is certified to be fully compliant with their applications and trading infrastructure.

The integration between TT’s platform and TheBooks means all executions done through TT’s platform are automatically routed into TheBooks for block trade assignment, price allocations, and counter-party notifications.

These trades also feed into TheBooks reconciler, position management, and trade accounting components, providing a fully integrated process for trading managed accounts.

DMAXX, LLC
http://www.dmaxx.com

Trading Technologies
http://www.tradingtechnologies.com

]]> http://blogs.dmaxx.com/blog5.php/dmaxx-now-a-member-of-the-tt-connected-p#comments http://blogs.dmaxx.com/blog5.php?tempskin=_rss2&disp=comments&p=37