“Broker-dealers and outsourced trading providers face several operational and structural challenges in the pursuit of differentiated client service, including the need to update manual processes and manage monolithic systems with opaque upgrade paths.”
LiquidityBook has launched LBX Portal, an SaaS-based solution that brings further efficiency, transparency and speed for market participants.
LBX Portal offers clear, preconfigured solutions for different client needs and enables sell-side firms to deliver a wide range of OEMS capabilities to their clients while streamlining their own workflows.
LBX Portal is a turnkey system with market data powered by FactSet
Sell-side firms are empowered to offer their clients an institutional-grade, turnkey system that is ready to use out-of-the-box for any client, and which can scale up to run the most complex firms in the world – and anywhere in between.
Buy-side firms working with LBX Portal partners gain access to a transparent, flexible system with clear, straightforward paths to upgrade as their needs evolve.
LBX Portal features market data – real-time market data delivered by FactSet – and a full range of third-party and custom functions available via API integration.
Eliminate the friction that comes with managing multiple client OEMS logins
The partnership model proposed by LiquidityBook allows broker-dealers and outsourced trading firms to eliminate the friction that comes with managing multiple client OEMS logins, or otherwise contending with disparate workflows.
Whether as their new front end or as middleware to consolidate client feeds into an incumbent OEMS, these firms can tap LBX Portal to easily equip their clients with a wide range of trade management capabilities, including flexible options for order entry, allocations, compliance and more. Furthermore, LBX Portal partners are able to have as much access to their clients’ systems as they need.
Shawn Samuel, CTO of LiquidityBook, said: “Broker-dealers and outsourced trading providers face several operational and structural challenges in the pursuit of differentiated client service, including the need to update manual processes and manage monolithic systems with opaque upgrade paths. LBX Portal is designed to eliminate these inefficiencies, enabling sell-side firms to manage their entire client roster through a single point of access, whether that is the LBX front end or another system.”
Sayant Chatterjee, COO at LiquidityBook, said: “In today’s fast-moving markets, firms can no longer afford to be tethered to systems with rigid, limited functionality. With our battle-tested technology, equipped to handle nearly any capital markets workflow, it’s no surprise that an increasing number of brokers and outsourced trading firms continue to choose the LiquidityBook framework to solve their complex workflow and operational challenges.”
LBX Portal is currently live at CAPIS and Jones Trading, as well as a number of other firms. Multiple leading US institutional customers are leveraging LBX Portal for both internal and external distribution, and LiquidityBook has begun the process of rolling out the partnership model to a number of additional firms.
LiquidityBook has recently expanded and enhanced its suite of offerings, including its API capabilities as well as strategic agreements with Clearwater Analytics and S3 Partners.