DMAXX

DMAXX, LLC makes TheBooks, software that combines accounting with the day-to-day handling of futures trades. Instead of treating accounting as a separate system, it builds performance reporting and bookkeeping into the trading process itself. The product targets advisors running managed accounts, where block trades, fill price allocation and several clearing relationships add complexity.

What DMAXX offers

• Trade notification: automates the creation, placing, filling and reporting of trades, and links to common execution platforms.
• Broker reconciliation: checks confirmations, open positions, commissions and cash with each clearing broker automatically, then sends break sheets for open breaks.
• Position keeping: real-time trade matching that can generate roll trades, exit trades, reversals and trades for account opens, closes and redemptions, with positions kept per system.
• Accounting engine: multi-currency accounting with formula-based management fees, incentive fees and interest accruals.
• Performance and risk reporting: intra-day figures valued on the tick, historic reports and standard performance tables, delivered through a web browser.

Customers and markets

Commodity trading advisors (CTAs), hedge funds and commodity pool operators (CPOs) trading futures.

Key facts

• Product: TheBooks
• Legal name: DMAXX, LLC