LiquidityBook hires Frank Kost in push for business in North America
LiquidityBook, the software as a service (SaaS) provider of sell and buy side solutions, has announced the hire of Frank Kost as Head of Sell-Side Business Development for the region of North America.
LiquidityBook handles order management, FIX connectivity, portfolio management and trade processing for a variety of trading companies and is respected as a leader in SaaS solutions for the modern trading desk.
Mr. Kost brings in a wealth of experience in the financial services industry after having served as Director of Business Development at Axos Clearing. He has also worked at Sungard, Aegis Capital and Bloomberg and has a strong knowledge of the sell-side OMS space. This makes him an ideal fit for the position at LiquidityBook.
Commenting on Mr. Kost’s hire, LiquidityBook Chief Revenue Officer Sean Sullivan said: “As much as we have focused on global expansion in recent years, we still see untapped potential in North American markets. Adding Frank to the team will help us expand our sell-side client base and identify new ways to cater to both clients and prospects. The pandemic has accelerated demand for multi-tenant, SaaS-based products like ours, while continued cost pressures mean that a transparent, broker-friendly business model for FIX connectivity is crucial. Frank will be a huge part of LiquidityBook’s efforts to deliver these efficiencies to the industry at large.”
LiquidityBook has been making a serious push for business development over the last few months with its LBX system and it had reported record revenues over the last year, a year when most of the trading firms were struggling with falling revenues due to the pandemic.
Mr. Kost, on his appointment, added: “So far, all the positive feedback I’ve been hearing from clients points directly to the flexibility and performance of LiquidityBook’s technology and design. There is a genuine need for the robust functionality and overall value it provides. Furthermore, LiquidityBook’s client service team is highly reputable, with an established track record of working with clients to build features to their specifications. It’s the kind of product that makes a sales role fun, so I couldn’t be more excited to join the team.”
The company would expect Mr. Kost to give a push to its business in North America and with trading volumes picking up around the world this year, the company would be expecting 2021 to be an even better year in terms of revenue and all this hiring and restructuring, including an investment from Primus Capital Partners in April, should help in this regard.
