CHICAGO, IL -- (MARKET WIRE) -- 04/11/08 -- DMAXX, LLC, a leading supplier of middle andback office systems to institutional commodity trading advisors, and Open ECry, LLC, an industry-leading direct access futures brokerage firm, andpioneering developer of futures trading technology, today announced astrategic alliance to provide seamless integration between theirplatforms. The resulting solution will provide the institutional CTA thefirst fully integrated, straight-through processing operating system,encompassing the front, middle, and back office functions, tailoredspecifically to institutional CTAs with managed accounts.The combination of Open E Cry's industry-leading, global direct accessfutures trading network and their OEC Trader platform with DMAXX's fullyintegrated middle and back office software, TheBooks®, providesun-paralleled automation to the alternative investment manager. Theresulting platform provides electronic and pit market access, dynamic blockallocations, multi clearer trade routing, position management, brokerreconciliation, risk management, performance accounting and reporting, as asingle, fully integrated solution.
Discretionary and systematic traders will find the resulting solutiondelivers an operating platform not previously available to theinstitutional futures trader. The functionality to seamlessly combine longand short term algorithmic trading along side of discretionary screentrading into the middle and back office functions will now be available offthe shelf to the institutional CTA.
About DMAXX, LLC
DMAXX, LLC has been providing Futures Trading and Accounting software andservices to members of the Managed Futures industry since 1994. Ourflagship product, TheBooks®, is a comprehensive, scalable applicationtailored to the needs of the alternative investment advisor with managedaccounts. Our years of experience, product functionality, and dedicationto customer service have made us the vendor of choice by institutional CTAsworldwide for more than fourteen years.
About Open E Cry, LLC
Open E Cry, LLC is a direct access FCM that offers online trading for bothelectronic and pit markets through our proprietary software. We havedeveloped a set of complex systems and order routing technologyspecifically designed to meet the high standards of CTAs, hedge funds,FCMs, Prop Shops, Arcades and other high volume commodities and futurestraders. This technology can be accessed through our industry-leadingtrading front end, OEC Trader, or through direct access to our API. Ourfocus is to provide the best execution possible to ensure maximum speed andreliability, while minimizing total transaction costs.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact DMAXX, LLC:
Dana Comolli
1.847.234.4969 x11
http://www.dmaxx.com
Contact Open E Cry, LLC:
Brian Weis
1.800.920.5808 x4484
http://www.openecry.com
