LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has signed FNY Investment Advisers to use its SaaS-based LBX Buy Side as its full portfolio, order, and execution management system.
Founded in 1986, First New York is a multi-strategy investment firm. The company’s portfolio managers and third party managers implement strategies in equities, derivatives, fixed income, currencies, commodities, and futures. With over 100 portfolio managers, the company said it tested different providers to meet unique needs from the middle office to market data and trading.
LiquidityBook’s LBX is an OMS/PMS/FIX order routing platform which is offered as SaaS-based product, and delivered via AWS’s cloud architecture. As such, it caters to the users; varying demands, including hosting, remote connectivity, back up of firm trading, and position data.
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A POEMS provider
LiquidityBook’s technology, which can be integrated into existing trading systems, provides buy- and sell-side with the ability to enhance their client relationships and participation in the global markets, creating new revenue streams and reducing costs. The list of its services covers the full trade lifecycle, including order management, portfolio management, execution management, FIX network connectivity, compliance, and pre- and post-trade processing.
Commenting on the LiquidityBook implementation, FNY’s Chief Technology Officer Sandro Polverino said: “We’re always looking for solutions to drive returns for our members and efficiencies for our traders. In our search for the ideal POEMS provider, we found that LiquidityBook’s platform stands alone in terms of performance and comprehensiveness.”
“We’re very excited to add First New York to our growing roster of clients,” said Sean Sullivan, Chief Revenue Officer at LiquidityBook. “Working with Sandro and his team, leveraging their help and guidance, certainly pushed the boundaries of our application, but these collaborative engagements are exactly the kind that help us build a more robust offering. This benefits not only First New York, but also the collective ecosystem that is our client base,” he added.