LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has expanded its API capabilities and capacities.
The upgrade provides customers with a customizable protocol for building and connecting with the firm’s modular platform
The API integration itself is nothing new as this function has long been available to users of LiquidityBook’s SaaS-based product offerings. However, using OMS technology with limited integration capabilities forces buy- and sell-side firms to manage multiple independent silos, creating redundancy, cost and correctness errors. As such, this upgrade was prompted by increased demand for API-centric workflows among clients and prospects.
More specifically, LiquidityBook users can leverage the enhanced APIs to perform a range of fine-tuned functions across the trade lifecycle. Among other things, this includes synchronizing security master and account data, checking locates, performing risk checks, sending customized alerts, performing remote validations and managing more compliance processes.
Commenting on the news, Shawn Samuel, Chief Technology Officer at LiquidityBook said: “Our solution enables clients to incorporate the exact capabilities they need at the right level, enabling a large and diverse range of trading workflows. For example, clients can send a basket of orders to LiquidityBook and have us handle compliance checks, allocations, locates and routing in one shot, or they can incorporate capabilities such as LiquidityBook’s positions, locates and compliance modules as native components of their trade construction workflow, leading to a seamless and more powerful trading process.”
LiquidityBook’s LBX is offered as a SaaS-based product
Samuel added: “Our enhanced API means clients can not only leverage our solution in myriad ways, but also pair it with proprietary or third-party systems to extend their current capabilities in a highly targeted way. With the power to manage our platform and tools via their own internal systems, it’s no surprise that a significant number of our new clients are requesting API onboards.”
LiquidityBook’s LBX is an OMS/PMS/FIX order routing platform, which is offered as a 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.
LiquidityBook’s technology, which can be integrated into existing trading systems, provides the 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.