LiquidityBook launches new trade match product

Karthik Subramanian

LiquidityBook, one of the leading providers of cloud-native buy- and sell-side trading solutions, has announced the launch of its LBX Trade Match product which will bring in efficiency for trade allocations, confirmations, and affirmations.

The company has been offering a custom-built FIX trading network as part of its buy-side offering which helps to connect buy-side clients with over 200 brokers dealers and execution venues and also supports a variety of instruments in equities, options, futures, FX, derivatives, swaps, and CFDs as well. The platform is also easily configurable and enhanced daily with client requests so that the platform would be able to scale and adapt as the clients grow. The platform is already being used by a lot of clients all around the world which includes some of the major hedge funds.

“Our clients have been consistent: When asked about future product ideas and ways that we can enhance their experience, the ability to manage trade allocations, confirmations, and affirmations comes up time and time again,” said Sean Sullivan, Chief Revenue Officer at LiquidityBook. “The idea of an all-in-one offering is very appealing to our clients, as is the need to manage trade risk and settlements. Clients can now do so leveraging the same network services they already access, so LBX Trade Match is a natural extension of the services we provide today. Our broker-dealer network partners have also been extremely receptive, as they too are looking for more technically advanced, cost-efficient ways to settle trades with their clients. This is a trade settlement solution that truly meets the needs of both the buy and sells sides.”

The LBX Trade Match is part of a unified codebase that helps with seamless and customizable trade matching and is reported to be live with a 100 billion dollar hedge fund as per the company release. The company had recently received an investment from Primus Capital which has helped it to grow stronger and build out new products while working on further upgrades to existing products.  LiquidityBook would also hope that the launch of these new products would help it to continue its strong growth globally as it helps its various clients round the clock with client support and onboarding.

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