Crow Point Partners Completes Rollout of LiquidityBook's LBX Suite

LiquidityBook, a provider of FIX (Financial Information Exchange) and OMS (Order Management System) trading solutions for both the buy and sell side, has announced that Crow Point Partners has undergone a successful implementation of the SaaS-based LBX Buyside POEMS (portfolio, order and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system), per a LiquidityBook statement.

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LBX is LiquidityBook’s multi-asset trade management solution for order entry, risk, compliance, and reporting. The completion of its rollout, emphasizing the Buyside POEMS utility by Crow Point Partners helps shore up a number of utilities across the asset manager’s front, middle and back-office operations.

In particular, the LBX suite was originally integrated in the middle of 2016, having since been completed – the product tree serves as a replacement of Crow Point Partner’s prior reliance on Eze Software’s Investment suite. Given the new deployment of the LBX suite, Crow Point Partners will look to achieve a wider scope of focus across several asset classes.

Multi-asset Focus

This includes the support all of its global, multi-asset trading, which includes equities, options, futures, fixed income, and foreign exchange (FX). Moreover, Crow Point Partners will also be leveraging LiquidityBook’s LBX Connect FIX routing network to help connect to and manage risk with its entire broker constituency globally.

According to Crow Point’s Head of Trading and co-Portfolio Manager, Peter DeCaprio in a recent statement on the rollout, “Traditionally deployed OMSs often include significant hidden costs related to the required physical infrastructure, so we were very impressed with LiquidityBook’s true SaaS-based delivery model.

“It makes the platform much simpler and less expensive to manage, while also providing the mobile access we were lacking. Coupling the OMS, EMS, PMS and FIX connectivity into a single platform made perfect sense for our business,” he added.

“We’re extremely excited to add Crow Point to the growing roster of LiquidityBook clients. For too long, front-office trading software has been an expensive, complicated and difficult-to-manage burden on the Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term. We think we’ve solved many of these issues with our comprehensive and cost-effective platform, and are starting to see real momentum with it. LiquidityBook is poised to double its revenue year-over-year, with many of the wins coming from firms with frustrations like Crow Point’s,” explained Sean Sullivan, Chief Revenue Officer at LiquidityBook.