Sell-Side Technology Awards 2023: Best implementation at a sell-side firm—LiquidityBook
Product: LBX Portal
Overview
LBX Portal is a software-as-a-service (SaaS)-based solution enabling new levels of efficiency and transparency for market participants. Broker-dealers and outsourced trading firms can eliminate the friction resulting from managing multiple client order and execution management system (OEMS) logins, or otherwise contending with disparate workflows. Whether as their new front-end or as middleware to consolidate client feeds into an incumbent OEMS, firms can use LBX Portal to equip their clients with several trade management capabilities.
“Our ability to create what we call a ‘bottom-up’ commission structure is one of the most powerful parts of the platform. We’re able to not just provide data on overall client commissions, but break them down into soft commissions, broker commissions and retentions. Our hands aren’t tied, so neither are LiquidityBook’s, and that helps us bring clients through the door.”
Matt Krebs, director of outsourced trading, Capis
The solution
LBX Portal presents preconfigured solutions for different client needs and enables sell-side firms to deliver a range of OEMS capabilities to their clients, while streamlining their own workflows. Sell-side firms can offer clients a turnkey system ready to use for any client, which can scale to run any size firm. Buy-side firms working with LBX Portal partners gain access to a flexible system with straightforward paths to upgrade as they evolve.
Secret sauce
LBX Portal is designed to support efficiency at every step, with market data included out of the box and other market data sources―as well as a full range of third-party and custom functions―available via API integration. Real-time market data is delivered by FactSet and LBX Portal users are able to access FactSet-controlled market data to make trading decisions based on global streaming prices with robust depth of book.
Recent enhancements
- LBX Portal: The core of LBX Portal has existed for years, but in 2022, LiquidityBook packaged a distinct suite of services for its sell-side and outsourced trading clients.
- FIX normalization: LiquidityBook released enhancements to its FIX gateway, normalizing a variety of inbound sources to support its growing network of over 1,500 routing destinations.
- Risk Gateway: Full support for 15c3-5 requirements, plus integration with the entire LBX stack
Future objectives
- LBX Desktop: A high-performance, multi-window desktop trading application
- LBX Portfolio Management: Adding pre-trade and intra-trade analytics capabilities
- Trade Analytics: Adding pre-trade and intra-trade analytics capabilities
“Alongside the maturation and growth of our solutions for the sell side, continuing to build products that benefit the entire Street has increasingly become a top priority. LBX Portal is the culmination of our work toward providing both our buy- and sell-side clients with a product equipped to handle nearly any capital markets workflow. This recognition of our progress toward reaching this goal will further motivate us to lead the way.”
Sayant Chatterjee, COO, LiquidityBook
Why they won
LiquidityBook wins its first Sell-Side Technology award on the back of the implementation of its LBX Portal at Capis, a Dallas-based institutional brokerage firm. The SaaS-based platform is designed to allow sell-side firms to deliver a range of order and execution management functionality to their clients, while simultaneously streamlining their own trading workflows. The fact that the LBX Portal features embedded market data from FactSet―winner of the best data provider to the sell side category in these awards―further enhances its sell-side appeal.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2023 winner's interview: Derivative Path
Derivative Path won the best cloud-based application provider category in this year's Waters Rankings.
Waters Rankings 2023 Winners’ Circle: SS&C Technologies
SS&C’s perfect four in the Waters Rankings.
Asia Awards 2023 winner's interview: MarketAxess
MarketAxess won the best trading network category in this year’s WatersTechnology Asia Awards, thanks largely to its Open Trading service.
Waters Rankings 2023: Best performance measurement and attribution system provider—MSCI
Product/service: MSCI BarraOne
Waters Rankings 2023 winner's interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Sell-Side Technology Awards 2023 winner's interview: Broadridge (BPO)
Earlier this year, Broadridge won the award for the best outsourcing provider to the sell side thanks to its BPO offering.
Waters Rankings 2023 winner's interview: Duco
Duco won the best reconciliation provider category in this year’s Waters Rankings.
Waters Rankings 2023 winner's interview: S&P Global Market Intelligence
S&P Global Market Intelligence won the best artificial intelligence technology provider category of this year’s Waters Rankings.