By Kevin Samuel, Founder & CEO, LiquidityBook
When we founded LiquidityBook, it was with a clear goal: to challenge the status quo in institutional trading technology. At the time, the industry was dominated by monolithic, inflexible legacy systems. Over the past two decades, our modular, cloud-native technology has offered a better path, unlocking superior performance, configurability and continuous innovation for hedge funds, asset managers, broker-dealers, outsourced trading providers and beyond.
In that time, we’ve expanded our offerings from a simple IM-to-FIX tool to a global, multi-asset suite of end-to-end trading solutions. From the launch of our LBX platform to our proprietary FIX network, we’ve always strived to push the boundaries and disrupt what was historically a staid, slow-to-evolve technology landscape.
Today, we take the next step in that journey.
I am thrilled to share that LiquidityBook has been acquired by FactSet. As a global leader in financial technology and data solutions, FactSet offers the reach, resources and shared philosophy that will enable us to serve an even broader set of institutional market participants, meaning we can scale our vision like never before.
Many of our order management system (OMS) clients are already intimately familiar with FactSet. Over the past two years, we’ve worked together to integrate our OMS into the FactSet Workstation, enabling a seamless front-office workflow from security research and portfolio construction to trade execution. Now, we can go even further – creating a fully connected, end-to-end solution that delivers greater efficiency, lowers the total cost of ownership and enhances our clients’ decision-making capabilities.
For the buy side, this combined solution will fully integrate LiquidityBook’s modern OMS, pre-trade compliance and investment book of record (IBOR) capabilities with FactSet’s industry-leading investment research, portfolio analytics, execution management and reporting tools. For the sell side, we will continue to invest in our range of products while leveraging FactSet’s market-leading trading infrastructure, powerful data sets and reporting tools to accelerate our combined innovation. The result will be truly unique solutions for both the buy side and the sell side that are greater than the sum of their parts, streamlining and enhancing the full portfolio and trading lifecycle.
It’s a compelling vision, and we’re excited to share more about it in the weeks to come. In the meantime, our clients can expect the same outstanding service, responsiveness and commitment to excellence they’ve always received. As part of FactSet, we’ll continue to innovate, enhance the platform and work with clients to make targeted enhancements that meet their precise needs. The only difference is that now, we have the resources and expertise of a global fintech powerhouse behind us.
This is an exciting moment for everyone at LiquidityBook, and I want to personally thank our clients, partners and employees who have helped us get here. Joining FactSet is an opportunity to keep pushing the boundaries of what’s possible in trading and portfolio management, continuing the mission we took on nearly two decades ago. It’s been an exciting journey, and the best is yet to come.
