DMAXX

Feature Checklist

Order Management

• Trade blotter by trade date with filters for status, execution desk, trade purpose, sector, market, account, account group, and trading system
• Low to High, High to Low, Weighted Average, and APS price allocation methods
• Support for partial fill allocation, with automatic trade creation for the balance
• Customizable account sort order for fill allocation
• Contracts per million, target level, and contracts per trade default breakdown methods
• Trading level can be a constant or formula based
• eMail and FTP communication of trades, fills, and account activity with customizable data file formats
• PDF document  and customizable data file formats for trades, fills, and account activity
• Multiple trading systems (strategies) per trade, including net-zero trades
• Combine multiple orders (same or multiple trading systems) into a single order
• Counter-party notification configurable at the account/exchange level
• Per-Trade and/or Per-Day trading activity notifications on a per-recipient basis
• Back-dated trade changes
• Multi-order placement to broker
• Virtual trade date allowing global trading
• Account-level executing broker rules enforce execution agreements
• Trading desks can be limited to the exchanges it trades
• Market and position limit checks on order placement
• Sector and Market trading restrictions at the account level
• Support for synthetic markets
• User-defined fields can be attached to orders
• Command-line order import utility
• API-based order entry
• FIX 4.2/4.4 drop copy support allows automatic order capture from a wide variety of execution platforms
• Execution gateway provides electronic order execution and reporting to clearing brokers as well as several advanced order handling options

Reconciliation

• Automatically obtain emailed of FTP downloadable statements
• Extract data from human readable brokerage statements
• Convert data from disparate statement formats into a single format defined by the user
• Reconcile Balances, Trade Confirmations, Open Positions, Trading Commissions by firm, clearing broker, and user-defined group of accounts
• Present trade breaks by trade or by account
• Detail position reconciliation and net position reconciliation
• Balance reconciliation at currency level and rolled up to account’s reporting currency
• Identify missing trades and late pickups
• Top day reconciliation of trade confirmations
• Maintain issues list recording open reconciliation issues at the broker level
• eMail break sheet to clearing broker with optional comments and optionally include all open issues
• Maintain a statement archive allowing access to prior statements and data on line at all times
• Copy extracted statement data to applications such as Microsoft® Excel®
• Print statements multi-pages per page
• Support for more than 130 different broker statements

Position Management

• Unlimited number of trading systems
• Maintain positions by system and positions net to the street simultaneously
• Real-time and batch trade matching
• Multiple settlement prices per instrument per day allowing broker-specific exchange rates and FX prices
• Trading and position activity on a specific day (present or past) and well as for a time range, net to the street or by system
• Detailed positions as well as net positions by account or selected accounts with the ability to show/hide flat FX and LME positions
• Re-state results into any currency
• Account sizing wizard builds trades for account open, close, resize events
• Pending rolls report uses roll rules to provide a one-week horizon into pending rolls
• Exit, Roll, Reversal trade generation from selected positions
• Option exercise and assignment
• Back-dated trade changes automatically update positions
• Spread-trade matching, FIFO and others when performing trade matching configurable at the clearing broker level
• Synthetic instrument support
• Settlement prices and exchange rates can be imported from broker statements
• Auto-expiration for cash settled markets
• Position valuation on the tick

Trade Accounting

• Multi-currency chart of accounts
• Balance sheet, performance table, trading cash flow, and income statement views of accounts or groups of accounts
• Accounts can be domiciled in any currency and reported on in another currency
• Formula-based management and incentive fee calculations with automatic high-water marking and daily accruals
• Formula-based interest and expense accruals at the account level
• Back and forward dated transactions
• Trading commissions at the account/market level
• Broker-based trading commissions with separate fixed and variable charges for execution-only, cleared-only, and executed and cleared scenarios
• All commission and fee structures are date-based allowing structure changes over time allowing back-dated accounting and trade changes
• Account hierarchies allow results from multiple trading accounts to be combined for the purpose of performance and fee calculations
• Single and batch transaction entry when manual posting is required
• Batch transactions can be saved and recalled for application at a later time
• Currency fluctuation (FX gain/loss) income calculated
• Daily NAV calculations with automatic monthly and yearly returns
• A currency sweep function for those advisors that sweep their foreign balances rather than trade them
• All transactions are time stamped and the user who made the entry is recorded along with the transaction
• Daily compounded returns method provides daily liquidity and NAV
• Transaction search tool for locating transactions by account, transaction, performance table column affected, ledger column affected, and value over time
• Advisor fee invoicing on monthly, quarterly, or custom time frame basis with invoices available in PDF, Word®, Excel®, and HTML formats

Risk Management

• Stop-loss analysis
• Options for system to propose protective stops based on user-definable risk parameters
• Margin to equity and margin to trading equity at the account, market, and sector levels
• Historic margin to equity
• Ability to set warning levels for account margin utilization
• Value at Risk for an arbitrary portfolio
• User-settable VAR options for confidence interval, look-back period, and instrument proxies
• Scenario analysis allows investigation of a selected portfolio’s reaction to market shocks
• Evaluate a single event or a number events simultaneously
• Chart and tabular views of results with sector and market-level details
• Re-state results into any currency

Data Manager

• Unified price data repository for research and signal generation purposes
• Bar sizes as small as one minute with virtualization to any larger size bar as required
• Ability to define virtual trading days, allows the creation of daily bars based on any timeframe
• Obtain data from a variety of sources and store in a single, consistent format
• Flexible continuous contract building
• Roll continuous contracts based on actual trading history
• Derived data capabilities allowing user-defined construction of price streams based on other price streams
• Data downloads are schedulable by market and can occur multiple times per day
• Export data in a wide variety of standard formats
• User-define export formats including symbol translation and numeric scaling
• Data viewer with charting and data tables allowing zooming and panning through the data
• Overlay studies such as moving averages and others
• Overlay actual trading history including running positions and P&L
• Automatic compare of price streams from multiple sources with user-defined rules for conflict resolution

Outbound Communications

• Built-in eMail and FTP
• Ability to automatically encrypt all communications (trade files and reports)
• Send log retains all outbound communications
• Send log viewer displays status, item, and recipient information
• Easily locate all communication related to a specific order
• Forward, re-send, cancel, and delete send log entries
• Pause sending with ability to release selected items
• Preview before sending
• To, CC, BCC on all communications
• Optional send log purging reduces system management requirements
• Automatic encryption of files and reports

Reporting

• Browser-based end-user reporting
• All reports available in PDF, Excel®, Word®, Text, HTML, and CSV formats
• Any report can be configured to be automatically emailed or FTPed to any contact in any format on a daily, monthly, and annual basis
• Reports that include the current day are valued on the tick and incorporate top-day trading activity
• Web-based access can be provided to clients with restrictions on what accounts and reports the client can see
• Built-in support for mobile devices
• Performance Explorer™ provides an interactive, graphical tool for examining performance at the portfolio, account, sector, and market level
• Built-in support for Barclay indices with monthly updates of indices
• VAMI, drawdown, volatility, Sharpe Ratio, Sortino, Omega calculations
• User-defined benchmarks allow comparison of portfolios to industry standards of your choosing
• Customizable color schemes and ability to include your logo and company  information on reports
• Reports can be presented in any currency desired
• Reports that include the current day can auto-refresh on a per-user schedule
• Ability to define arbitrary groups of accounts and report on them as a single composite
• Most reports are available by trading system as well as net of all trading systems
• Templates for easy production of monthly performance summary (Tear sheet)
• End-user report designer allows easy development of customized reports with full integration into TheBooks for sending to clients

Instrument Support

• Futures
• Forwards (LME)
• Foreign Exchange
• Equities
• Cash Swaps
• Options on Futures
• Options on Forwards
• Options on Foreign Exchange
• Options on Equities
• Options on Cash Swaps
• Calendar Spread Options
• Delivery Point Spreads
• ICE OTC energy contracts such as Henry Hub swing swaps,  electricity, and other daily settled power contracts
• New Zealand and Australian electricity contracts

Technology

• Three-tier client server architecture
• Microsoft SQL Server 2008, 2012, 2014, 2016 (32 and 64 bit versions)
• 32 and 64 bit versions of Microsoft Windows 10, Microsoft Windows 8.1, Microsoft Windows 7 Professional, Windows Server 2008, Windows Server 2012 R2
• Browser-based reporting
• COM+, .NET, and stored procedure programming interfaces with event model
• Built-in eMail (SMTP, POP, IMAP) and FTP (FTP, sFTP, FTPS) support
• FIX 4.2/4.4 drop copy (execution report) as well as trade routing