NEW YORK — January 15, 2019 — LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced that 2018 was a record year across multiple sales and client growth metrics tracked by the firm. This rapid growth was fueled by a continued rise in demand for its industry-leading POEMS (portfolio, order and execution management system) platform, which provides significant cost, management and functionality benefits versus the legacy platforms many investment managers currently employ.
Three of the key highlights from the year were as follows:
- LiquidityBook’s total revenues for 2018 were up by more than 20% year-over-year. In addition to strong full-year sales numbers, December saw especially promising results, with monthly recurring revenues and OMS recurring revenues growing by 37% and 56%, respectively, over December 2017.
- LiquidityBook made several key senior hires in 2018, including Ryan Canfield, who joined as Lead Product Analyst in October, and Matthew Howard, who signed on as Head of Asia-Pacific Client Service in March. The new team members have focused on further building out LiquidityBook’s PMS capabilities, enhancing its swaps trading workflows, adding new automatic order marking functionality for Regulation SHO compliance and more. LiquidityBook expects to add additional senior technologists and client service staff in 2019 as demand from its current clients and prospects continues.
- LiquidityBook signed more than 20 new software customers in 2018 and added over 25 new brokers to LBX Connect, the firm’s FIX routing network. Over 90% of the client wins were platform replacements at $1B+ managers, such as Tremblant Capital Group, who outgrew their legacy systems as their workflow needs became too complex for them to handle. In fact, in a May impact report, capital markets research and advisory firm Celent found SaaS-based platforms like LiquidityBook’s are uniquely able to handle this type of workflow complexity, as well as offering superior security and significant cost benefits to traditionally deployed software.
Commenting on the record-setting year, Chief Revenue Officer Sean Sullivan said: “The past few years represent a terrific run for LiquidityBook, but 2018 will stand as a milestone year on its own. Top researchers have demonstrated the many benefits SaaS-based trading platforms provide over traditionally deployed systems, and as more industry players have incorporated this knowledge, we’ve added more and larger clients to our roster at a dizzying pace. We’re excited to continue this growth in 2019, and have built out our team around the globe in order to do just that.”
The LiquidityBook platform delivers significant benefits in the following areas:
- Cost: LBX is a fully SaaS-based product, delivered 100% via the cloud leveraging AWS’s global footprint and architecture, which is the most reliable and secure in the industry. That means there is no need to pay for hosting, remote connectivity, back up of firm trading and position data or business continuity planning. The platform provides full redundancy and accessibility anywhere in the world; users simply need a browser and connectivity to trade.
- Stability and Service: LBX is an OMS/PMS/FIX order routing platform built on a single code base. Every client runs the same version, and updates are rolled out weekly. The platform is not an amalgamation of different stitched-together products; it was developed only a few years ago, making it far more reliable than competitive offerings.
- Functionality: The fact that the product is one integrated platform has significant usability benefits. For instance, the GUI is incredibly flexible, allowing users to create custom columns and calculations on the fly.
- Business Model: Since LiquidityBook provides its products on a SaaS basis, the firm can offer them at a very competitive price point while still being able to fully fund development, growth and product enhancements. The firm is not and has never been dependent on transactional fees to drive revenue growth. Not only do those cut into broker commission wallet commitments that many buy side are struggling to reach, this model is also potentially considered an inducement under MiFID II unless the vendor also provides connectivity.
About LiquidityBook
LiquidityBook is a leading SaaS-based provider of buy- and sell-side trading solutions, including order management, portfolio management, execution management, FIX network connectivity, compliance and pre- and post-trade processing. Founded in 2005, the LiquidityBook platform is trusted by many of the industry’s most sophisticated buy- and sell-side firms globally to power their trading workflows. For more information please visit www.liquiditybook.com or contact sales@dck.kas.mybluehost.me.
Media Contact
Sam Belden
Forefront Communications for LiquidityBook
212.320.8986
