NEW YORK & HINGHAM, MA — LiquidityBook today announced that Crow Point Partners, a $2.5B global alternative asset manager, has completed the rollout of the SaaS-based LBX Buyside POEMS (portfolio, order and execution management system) across its front-, middle- and back-office operations. “We were very impressed with LiquidityBook’s true SaaS-based delivery model. It makes the platform much simpler and less expensive to manage, while also providing the mobile access we were lacking.”
Implemented in mid-2016, the LBX suite is a replacement of the Eze Software Investment Suite, which, according to Crow Point’s Head of Trading and co-Portfolio Manager Peter DeCaprio, had heavy infrastructure needs and costly downstream connectivity demands of its broker counterparties. Crow Point is using LBX to support all of its global, multi-asset trading, which includes equities, options, futures, fixed income and FX. In addition to utilizing the platform’s execution, order and portfolio management (real-time NAV, full historical P&L, risk profiles, etc.) capabilities, Crow Point is also leveraging LiquidityBook’s LBX Connect FIX routing network to connect to and manage risk with all 25 of its brokers globally.
“Traditionally deployed OMSs often include significant hidden costs related to the required physical infrastructure, so we were very impressed with LiquidityBook’s true SaaS-based delivery model,” said DeCaprio. It makes the platform much simpler and less expensive to manage, while also providing the mobile access we were lacking. Coupling the OMS, EMS, PMS and FIX connectivity into a single platform made perfect sense for our business.”
“We’re extremely excited to add Crow Point to the growing roster of LiquidityBook clients,” said Sean Sullivan, Chief Revenue Officer at LiquidityBook. “For too long, front-office trading software has been an expensive, complicated and difficult-to-manage burden on the buy-side. We think we’ve solved many of these issues with our comprehensive and cost-effective platform, and are starting to see real momentum with it. LiquidityBook is poised to double its revenue year-over-year, with many of the wins coming from firms with frustrations like Crow Point’s.”
About Crow Point Partners
Crow Point Partners, LLC, founded in 2006, manages approximately $2.5 billion in assets in sub-advised mutual funds, proprietary mutual funds, SMA’s and private partnerships. Crow Point managers have been investing globally since 1994 in both the equity and fixed income markets, and with prior firms managed as many as 13 different strategies with over $65 billion in assets. The company offers global investment solutions in equity income, hedged equity, and specialty fixed-income strategies. Additional information about Crow Point may be found at www.cppinvest.com.
LiquidityBook is a leading SaaS-based provider of buy- and sell-side trading solutions, including order management, portfolio management, trading, 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.