NEW YORK — LiquidityBook, a leading ASP-based provider of buy- and sell-side and OMS and FIX trading solutions, today announced that its allocation tool, offered as part of LBX Buy-Side Trader, has been implemented by a multi-billion dollar US hedge fund.
According to the client, their unique workflow needs — which include ten independent funds, two fund administrators, six prime brokers, 20 portfolio managers and two traders — introduced challenges that it felt only LiquidityBook’s OMS could effectively manage.
LBX Buy-Side Trader’s allocation solution facilitates multi-dimensional allocation tagging by fund, prime broker and portfolio manager, and has the ability to accommodate an arbitrary number of “dimensions.” In addition, the platform delivers an elegant bunch/un-bunch order functionality, the ability to split, combine or auto-cancelling orders, and tracking of boxed and virtual positions across primes brokers and/or portfolio managers.