Abacus Group, an American hedge fund technology services provider, has agreed to host LiquidityBook’s complete buy-side solution, LBX, in the AbacusFLEX private cloud environment.
The partnership will offer AbacusFLEX clients access to LBX, which brings together order management, portfolio management, trading, network connectivity, compliance, and post-trade processing in one product.
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LBX handles orders across asset classes and currencies as well as multiple prime brokers and is accessible 24/7.
The single, hosted LBX platform provides global FIX and non-FIX connectivity directly to brokers. It also contains a regulatory compliance module, offering Value-At-Risk (VAR) calculations, stress testing, reporting and alerting capabilities, along with shadow books and records.
Rick Goldenberg, managing partner at LiquidityBook, said: "Abacus Group allows us to provide our full buy-side platform to our clients in a secure, private cloud environment, one that is highly regarded throughout the hedge fund sector."
Art Murphy, client development director of Abacus Group, added: "Partnering with LiquidityBook gives us the opportunity to provide our customers with a robust solution that not only enhances trading and operational workflow, but also offers robust compliance and stress testing capabilities."
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