JonesTrading consolidates middle office operations onto LiquidityBook’s LBX Post-Trade Hub
The move follows ‘aggressive’ collaboration to go live in three months; builds upon an existing relationship between the two firms dating back to 2014.
The move follows ‘aggressive’ collaboration to go live in three months; builds upon an existing relationship between the two firms dating back to 2014.
Alongside the transaction, LiquidityBook’s LBX suite has become a full-featured portfolio, order and execution management system (POEMS).
Integration will allow users to receive ETF creations and redemptions in real time, allowing their portfolios to be managed within the OEMS for portfolio and trade management.
The past week saw appointments from RBC Capital Markets and LiquidityBook.
Incoming senior hires join LiquidityBook during a period of rapid growth for the firm’s sell-side client base.
New buy-side sales head previously spent over eight years at Eze as a director in North American hedge fund sales and three years at Morgan Stanley in alternative investments.
LBX Trade Match will offer FIX allocations, confirmations and trade affirmations, while eliminating trade breaks via a single solution.
Sayant Chatterjee from JonesTrading is the latest senior hire for trading platform provider LiquidityBook following record revenues in 2020.
Stephanie Minister joins LiquidityBook as managing director of connectivity services after 15 years with ITG, now Virtu Financial.