LiquidityBook Sees LBX Buyside Platform Adopted by Three Hedge Funds

LiquidityBook, a provider of FIX (Financial Information Exchange) and OMS (Order Management System) trading solutions for both the buy and sell side, has had its SaaS LBX Buyside POEMS selected by three hedge funds, according to a company statement.

LiquidityBook’s LBX Buyside platform was originally deployed late last year by three US-based hedge funds, Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital. The most recent integration of LBX’s 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 (POEMS) will aim to help provide a wide range of utilities to each firm.

This includes an emphasis on portfolio management capabilities such as real-time NAV, full historical P&L, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, and reporting functionality. The selection of LiquidityBook’s platform and subsequent deployment are the latest examples of its product penetration in the US, and in particular on the West Coast.

According to Zeo Capital Advisors’ Chief Investment Officer Venk Reddy, in a statement on the deployment: “Our conversations with LiquidityBook have been collaborative with a mutual recognition of evolving together. They were the first vendor who both solved our pain points with regards to trade allocations while engaging as a trusted partner providing a high caliber solution for a small but growing business.”

“Scrutinizing a system’s cost as it pertains to both themselves and their counterparties is a huge priority for most buy side firms today. Our platform, with its extensive flexibility and low overhead requirements, is seen by many investment firms to represent a tremendous value,” explained Sean Sullivan, Chief Revenue Officer at LiquidityBook, in an accompanying statement.