Dalzell Trading Selects Liquiditybook to Manage Its Trade Workflow

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 co 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 co 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.

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, 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.

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.”

“For a variety of manager types, outsourced trading firms allow them to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term senior trading resources at a much lower cost than hiring in-house."

“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.”