Crow Point Partners Completes Rollout of LiquidityBook’s LBX Suite

The rollout of the LBX suite helps bolster a number of utilities across Crow Point's front and back-office operations.

LiquidityBook, a provider of FIX (Financial Information Exchange) and OMS (Order Management System) trading solutions for both the buy and sell side, has announced that Crow Point Partners has undergone a successful implementation of the SaaS-based LBX Buyside POEMS (portfolio, order and execution management system), per a LiquidityBook statement.

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LBX is LiquidityBook’s multi-asset trade management solution for order entry, risk, compliance, and reporting. The completion of its rollout, emphasizing the Buyside POEMS utility by Crow Point Partners helps shore up a number of utilities across the asset manager’s front, middle and back-office operations.

In particular, the LBX suite was originally integrated in the middle of 2016, having since been completed – the product tree serves as a replacement of Crow Point Partner’s prior reliance on Eze Software’s Investment suite. Given the new deployment of the LBX suite, Crow Point Partners will look to achieve a wider scope of focus across several asset classes.

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Multi-asset Focus

This includes the support all of its global, multi-asset trading, which includes equities, options, futures, fixed income, and foreign exchange (FX). Moreover, Crow Point Partners will also be leveraging LiquidityBook’s LBX Connect FIX routing network to help connect to and manage risk with its entire broker constituency globally.

Peter DeCaprio
Peter DeCaprio

According to Crow Point’s Head of Trading and co-Portfolio Manager, Peter DeCaprio in a recent statement on the rollout, “Traditionally deployed OMSs often include significant hidden costs related to the required physical infrastructure, so we were very impressed with LiquidityBook’s true SaaS-based delivery model.

“It makes the platform much simpler and less expensive to manage, while also providing the mobile access we were lacking. Coupling the OMS, EMS, PMS and FIX connectivity into a single platform made perfect sense for our business,” he added.

“We’re extremely excited to add Crow Point to the growing roster of LiquidityBook clients. For too long, front-office trading software has been an expensive, complicated and difficult-to-manage burden on the buy-side. We think we’ve solved many of these issues with our comprehensive and cost-effective platform, and are starting to see real momentum with it. LiquidityBook is poised to double its revenue year-over-year, with many of the wins coming from firms with frustrations like Crow Point’s,” explained Sean Sullivan, Chief Revenue Officer at LiquidityBook.

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