LiquidityBook launches LBX PMS 2.0 after acquiring Messer

Rick Steves

With this rollout, LiquidityBook aims to meet the diverse requirements of its clientele, ranging from startup hedge funds and asset managers to broker-dealers and outsourced trading desks.

LiquidityBook, a frontrunner in cloud-native trading solutions for both buy-side and sell-side entities, today announced the launch of its enhanced Portfolio Management and Accounting System, LBX PMS 2.0.

The system now incorporates an array of sophisticated features, including comprehensive accounting and reconciliation workflows for both LBX Buy-Side and LBX Sell-Side products. Furthermore, it boasts full ABOR/IBOR, AUM, and shadow NAV capabilities.

LiquidityBook targeting hedge funds, asset managers, broker-dealers and outsourced trading desks

The enhancements arrive after the acquisition of Messer Financial Software, a boutique capital markets fintech known for its multi-asset financing automation and reconciliation capabilities. “This newly enhanced and expanded set of capabilities allows our clients to own their data at the source, running full shadow NAV, reconciliation and other processes that asset allocators expect of them,” said Jonathan Cross, General Manager, EMEA at LiquidityBook.

The development marks a significant milestone for LiquidityBook, which has been refining its LBX suite since its inception in 2005. The LBX suite serves as a comprehensive Portfolio, Order, and Execution Management System (POEMS) with an integrated FIX network. What sets it apart is its modular design, allowing clients to choose specific components that align with their unique operational needs.

Bryan Messer, Founder of Messer Financial Software, who is now the GM, APAC and Managing Director, Portfolio Management Solutions and Artificial Intelligence at LiquidityBook, highlighted the synergistic fit between the two companies. “Our functionality is essentially complementary, and with both companies following an API-first model, integration was straightforward,” he said.

Kevin Samuel, CEO of LiquidityBook, underscored the strategic importance of this development. “Our modular POEMS and FIX network architecture means our clients’ tech stacks can integrate various vendor and homegrown products, enabling differentiated, customized solutions and workflows,” he explained. “Bringing our firms together was the next logical step in this process.”

With this rollout, LiquidityBook aims to meet the diverse requirements of its clientele, ranging from startup hedge funds and asset managers to broker-dealers and outsourced trading desks. By doing so, it is positioning itself as a one-stop solution for all trading needs, backed by a cutting-edge, modular platform that can adapt to the evolving landscape of capital markets.

Read this next

Executive Moves

Montenegro approves Do Kwon’s extradition to US

Do Kwon, the former CEO of cryptocurrency startup Terraform Labs, is reportedly facing extradition to the United States to face fraud charges. Kwon has been imprisoned in Montenegro since March, and Montenegro’s Justice Minister Andrej Milovic is expected to make a formal decision on the extradition on December 20.

Institutional FX

Marex seeks US listing following failed UK IPO, eyes $2.8B valuation

London-headquartered commodities broker Marex has kicked off plans for a US listing, opting against a London public float after a failed attempt two years ago.

Retail FX

ThinkMarkets IPO scrapped as SPAC merger falls through

Canada-listed blank check company, FG Acquisition Corp., and Melbourne-based broker ThinkMarkets have jointly decided to call off their previously announced merger plan.

Retail FX

Exness trading volumes slow down in November, dip below $4B mark

FX brokerage powerhouse Exness reported a double-digit decrease in its trading volumes for the month of November 2023 as the market environment stabilised following a period of high volatility.

Executive Moves

iGaming veteran Breon Corcoran replaces June Felix as IG CEO

Spread betting and CFDs broker IG Group plc today announced the appointment of Breon Corcoran, the former chief executive of Paddy Power Betfair, as its new CEO, effective from January 29, 2024.

Retail FX, Reviews

A Guide to Forex Trading and Quotex App Download for PC

Trading in financial markets presents a great opportunity for profit. One of the popular choices nowadays is foreign exchange trading, also called Forex or FXm which involves buying and selling national currencies to make a profit. 

Digital Assets

Tokensoft and Chainwire Form Partnership to Boost Crypto PR Outreach

Through this partnership, Tokensoft leverages Chainwire’s expansive PR platform, enhancing its global reach within the cryptocurrency community and ensuring coverage for its token distribution, claims, and fundraising campaigns.

Digital Assets

No escape for Binance’s CZ: Court blocks travel before sentencing

A federal judge in Seattle has ruled that Chanpeng Zhao, the former CEO of Binance, is not permitted to return to his home in the United Arab Emirates before his sentencing in the United States, set for February.

Digital Assets

FINMA-regulated digital asset provider Taurus expands into Germany

This expansion follows recent moves by BaFin to accelerate the licensing of crypto custody services, aiming to boost market confidence. Following this, several new licenses were issued, notably to Commerzbank, making it the first full-service financial institution in Germany to receive a crypto custody license.