New York-based platform provider LiquidityBook has established a new office in London as it looks to serve its growing client base in Europe ahead of MiFID II.
The new office - based in Holborn - will support its expansion into the region after on-boarding eight fund manger clients in London since July this year.
It will be run by Nicholas Thompson, EMEA client services manager, who joined the firm in June from Eze Software.
Demand for LiquidityBook’s portfolio, order and execution management system (POEMS) has grown this year as firms look to meet MiFID II requirements, due to come into effect in January.
Chief revenue officer, Sean Sullivan, commented: “MiFID II obviously represents a generational change for the European securities industry, and has proved to be a significant tailwind for our business in the region.”
He added the LiquidityBook platform provides fund managers with various benefits in terms of cost, ease of management and reliability, and he expects the growth seen in 2017 to continue into next year.
Founded in 2005, LiquidityBook offers buy- and sell-side trading solutions including its POEMS platform alongside FIX network connectivity and pre- and post-trade processing.