Dalzell Trading Selects Liquiditybook to Manage Its Trade Workflow
- The company will use LiquidityBook’s web-based platform LBX Outsourced Trader

LiquidityBook announced today the Dalzell Trading has selected its LBX Outsourced Trader to manage its trade workflow.
LiquidityBook offers businesses buy and sell-side trading solutions through its software on a subscription base (referred to as software as a service). Its global, multi-asset platform, LBX Outsourced Trader, is an advanced portfolio, order and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term management system (POEMS) with fully integrated FIX connectivity.
Launched in 2018, Dalzell Trading is an outsourced trading firm with trading desks in Boston and Philadelphia. The firm provides US equity and options trading to emerging and established hedge funds.

CEO & Founder of Dalzell Trading, David Dalzell.
Source: LinkedIn
According to the statement, the Principal, CEO & Founder of Dalzell Trading, David Dalzell said the firm selected LiquidityBook’s web-based platform for its flexibility and ease of management: “over the course of my career, both at BlackRock and later while running my own consulting firm, I’ve led or been a part of dozens of OMS reviews.
“LiquidityBook’s platform is one of the best I’ve come across, with its web-based model providing significant cost, management and accessibility advantages."
“In addition, LiquidityBook’s ability to seamlessly conform to our clients’ workflows - EMS/OMS integration, regulatory and clearing firm reporting needs, et cetera - is a huge benefit for a firm like ours that lacks massive in-house IT resources.”

Sean Sullivan, Chief Revenue Officer of LiquidityBook.
Source: LinkedIn
Sean Sullivan, LiquidityBook’s Chief Revenue Officer also commented: “Dave is one of the most respected buy side traders in the business; to have the LiquidityBook platform selected by him is a major feather in our cap."
“Dave and his team have spent their careers working with some of the biggest names in the industry to develop and implement best execution policies and procedures."
“The ability for managers to tap their expertise on an outsourced basis should be invaluable, as alpha preservation by the trading desk is more vital than ever.”
The rise of outsourced trading
Outsourced trading is not a new phenomenon; it has been around since the early 1990s. Since then, the industry has grown significantly and is being seen as a great way to cut costs.

Brad Bailey, Research Director with Celent's Capital Markets division.
Source: LinkedIn
The industry has particularly seen a faster increase over the past several years, notes Research Director with Celent's Capital Markets division, Brad Bailey: “the buy side is operating in an ultra-competitive environment, with regulatory demands and operational pressures increasing.
“As we have seen more and more of the back and middle office outsourced, we are seeing demand for similar services in the front office. This allows firms to focus on their core expertise and partner on everything else.”
“That has led to a significant growth of the outsourced trading sector, but until recently the technology solutions available to these firms - who share elements of both a buy- and sell-side trading desk - were lacking."
“That gap is narrowing, with web-based solutions being especially appealing given the benefits they provide in terms of cost, management and security.”
LiquidityBook announced today the Dalzell Trading has selected its LBX Outsourced Trader to manage its trade workflow.
LiquidityBook offers businesses buy and sell-side trading solutions through its software on a subscription base (referred to as software as a service). Its global, multi-asset platform, LBX Outsourced Trader, is an advanced portfolio, order and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term management system (POEMS) with fully integrated FIX connectivity.
Launched in 2018, Dalzell Trading is an outsourced trading firm with trading desks in Boston and Philadelphia. The firm provides US equity and options trading to emerging and established hedge funds.

CEO & Founder of Dalzell Trading, David Dalzell.
Source: LinkedIn
According to the statement, the Principal, CEO & Founder of Dalzell Trading, David Dalzell said the firm selected LiquidityBook’s web-based platform for its flexibility and ease of management: “over the course of my career, both at BlackRock and later while running my own consulting firm, I’ve led or been a part of dozens of OMS reviews.
“LiquidityBook’s platform is one of the best I’ve come across, with its web-based model providing significant cost, management and accessibility advantages."
“In addition, LiquidityBook’s ability to seamlessly conform to our clients’ workflows - EMS/OMS integration, regulatory and clearing firm reporting needs, et cetera - is a huge benefit for a firm like ours that lacks massive in-house IT resources.”

Sean Sullivan, Chief Revenue Officer of LiquidityBook.
Source: LinkedIn
Sean Sullivan, LiquidityBook’s Chief Revenue Officer also commented: “Dave is one of the most respected buy side traders in the business; to have the LiquidityBook platform selected by him is a major feather in our cap."
“Dave and his team have spent their careers working with some of the biggest names in the industry to develop and implement best execution policies and procedures."
“The ability for managers to tap their expertise on an outsourced basis should be invaluable, as alpha preservation by the trading desk is more vital than ever.”
The rise of outsourced trading
Outsourced trading is not a new phenomenon; it has been around since the early 1990s. Since then, the industry has grown significantly and is being seen as a great way to cut costs.

Brad Bailey, Research Director with Celent's Capital Markets division.
Source: LinkedIn
The industry has particularly seen a faster increase over the past several years, notes Research Director with Celent's Capital Markets division, Brad Bailey: “the buy side is operating in an ultra-competitive environment, with regulatory demands and operational pressures increasing.
“As we have seen more and more of the back and middle office outsourced, we are seeing demand for similar services in the front office. This allows firms to focus on their core expertise and partner on everything else.”
“That has led to a significant growth of the outsourced trading sector, but until recently the technology solutions available to these firms - who share elements of both a buy- and sell-side trading desk - were lacking."
“That gap is narrowing, with web-based solutions being especially appealing given the benefits they provide in terms of cost, management and security.”