LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has signed international investment firm Duet Group to use its SaaS-based LBX Buy-Side as its full portfolio, order, and Execution management system.
Founded in 2002, Duet is a global investment holding company, and a controlling shareholder of multiple asset managers. The company’s portfolio managers and third party managers implement strategies in equities, derivatives, fixed income, currencies, commodities, and futures. With a global presence spanning Hong Kong, London, and New York, the company said it tested different providers to meet unique needs from the middle office to market data and trading.
LiquidityBook’s LBX is an OMS/PMS/FIX order routing platform which is offered as SaaS-based product, and delivered via AWS’s cloud architecture. As such, it caters to the users; varying demands, including Hosting , remote connectivity, back up of firm trading, and position data.
A POEMS provider
LiquidityBook’s technology, which can be integrated into existing trading systems, provides buy- and sell-side with the ability to enhance their client relationships and participation in the global markets, creating new revenue streams and reducing costs. The list of its services covers the full trade lifecycle, including order management, portfolio management, execution management, FIX network connectivity, compliance, and pre- and post-trade processing.
Commenting on the LiquidityBook implementation, David Collis, Chief Technology Officer at Duet, said: “We manage a number of different asset managers with different business models, all of which need bespoke solutions. Moving to LBX Buy-Side was a seamless and cost-effective transition that exceeded our expectations for an efficient deployment. LiquidityBook’s powerful platform provides solutions now and going forward, freeing us up to make future decisions without worrying about what it means for our POEMS.”
Sean Sullivan, Chief Revenue Officer at LiquidityBook, added: “We are thrilled to add Duet to our growing roster of clients and we look forward to helping them further scale their rapidly expanding business. The flexibility of our platform is one of the primary reasons that clients with varying workflows like Duet choose us, as we are able to provide them with powerful order management capabilities that also give them the room to operate as they see fit.”
