LiquidityBook to launch new trade match product

LBX Trade Match will offer FIX allocations, confirmations and trade affirmations, while eliminating trade breaks via a single solution.

Trading solutions provider LiquidityBook has launched its new LBX Trade Match product, its latest move following record revenues in 2020 amid increased demand for the firm’s flagship POEMS platform.

LiquidityBook’s FIX trading network has already been offered as part of its software as a service (SaaS) based LBX buy-side order management system (OMS) offering.

The network connects LiquidityBook’s buy-side clients to over 200 broker-dealers and execution venues across the world, supporting equities, options, futures, FX, derivatives, swaps and CFDs, credit and interfaces to all commercially available EMS and ATS platforms.

The trading platform provider’s new product, LBX Trade Match, will offer FIX allocations, confirmations and trade affirmations, allowing users to benefit from the network services they already use while eliminating trade breaks via a single solution.

“Our clients have been consistent: When asked about future product ideas and ways that we can enhance their experience, the ability to manage trade allocations, confirmations and affirmations comes up time and time again,” said Sean Sullivan, chief revenue officer at LiquidityBook.

“The idea of an all-in-one offering is very appealing to our clients, as is the need to manage trade risk and settlements. Clients can now do so leveraging the same network services they already access, so LBX Trade Match is a natural extension of the services we provide today. Our broker-dealer network partners have also been extremely receptive, as they too are looking for more technically advanced, cost-efficient ways to settle trades with their clients.”

LBX Trade Match, similarly to LiquidityBook’s other products, is part of a single codebase which allows unified and customisable trade matching as part of the overall workflow.

The new product is currently live with a $100 billion hedge fund for its international business.

In addition, LiquidityBook has begun to roll out the product to a handful of additional clients.